Facebook, Inc. is preparing its financial statements for 2023. The financial data includes:

Transactions (in $ millions)	Amount
Cash Sales	550,000
Credit Sales	275,000
Cash Payments	320,000
Accounts Receivable	125,000
Marketing Expenses	180,000
Estimated User Data Breach Costs	50,000

Requirements:

• Prepare Facebook, Inc.'s income statement for 2023 using the modified cash basis.
• Calculate net income considering the conservatism principle.
• Discuss the impact of estimated user data breach costs on financial statements.
• Analyze the treatment of accounts receivable and marketing expenses under the conservatism principle.