E8-18 Analyzing Gross Profit Percentage on the Basis of an Income Statement [LO 6-6) The following Information applies to the questions displayed below) Wolverine World Wide, Inc. prides itself as being the world's leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were reported for the third quarter of 2016: $1,976 26 Net Sales Income Tax Expense Dividends Salaries and Wages Expense Cost of Goods Sold Interest Expense 622 1.232 E6-18 Part 1 1. Prepare a multistep income statement. (Enter your answers in millions (e. 10,000,000 should be entered as 10).) WOLVERINE WORLD WIDE INC Income Statement (in millions) Required information E8-18 Analyzing Gross Profit Percentage on the Basis of an Income Statement [LO 6-6) [The following information applies to the questions displayed below! Wolverine World Wide, Inc., prides itself as being the world's leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were reported for the third quarter of 2016: $1,976 Net Sales Income Tax Expense Dividends Salaries and Wages Expense Cost of Goods Sold Interest Expense 26 622 1.222 6-18 Part 2 a. How much was the gross profit? (Enter your answer in millions.) b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) Gross Profit Gross Profit Percentage 5