Exercise 1-11 Vaughn Manufacturing is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2017 income statement and balance sheet. (All dollars are in millions.) Retained earnings Cost of goods sold Selling and administrative expenses $4.400 6,550 3,190 350 Notes payable Interest expense Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense 4.100 200 12,200 Prepare an income statement for Vaughn Manufacturing for the year ended December 31, 2017. (Enter amounts in millions, e.g. 45.) Vaughn Manufacturing Income Statement For the Year Ended December 31, 2017 in millions Total Revenues Retained Earnings Expenses Total Expenses Net Income (Loss) Click if you would like to show Work for this question: Open Show Work