E5-7 (Algo) Preparing a Classified (Multiple-Step) Income Statement LO5-3 Marcy's, Incorporated, operates the two best-known high-end department store chains in North America: Marcy's and Bloomington's. The following simplified data (in millions) were taken from its recent annual report for the year ended February i: Required: Prepare a complete classified (multiple-step) consolidated statement of income. (showing gross margin, operating income, and income before income taxes). Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). MARCY'S, INCORPORATED Consolidated Statement of Income