Compare the income statements of Apple Inc. and Microsoft Corporation for the fiscal year 2023:

Item	Apple Inc.	Microsoft Corporation
Net Sales Revenue	$400 billion	$300 billion
Cost of Goods Sold	$240 billion	$180 billion
Gross Profit
Operating Expenses	$100 billion	$80 billion
Operating Income
Other Income/Expenses	$10 billion	$5 billion
Net Income

Question:

1. Calculate the gross profit, operating income, and net income for both Apple Inc. and Microsoft Corporation.
2. Which company generated higher net income for the fiscal year 2023?