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Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS)

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Following is selected financial information from General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS) $10,312.9 Cash from operating activities $2,841.0 Cash from investing activities Cash, end of year Income tax expense Revenue (8,685.4) Noncash assets, end of year 399.0 Cash from financing activities* 57.3 Total assets, beginning of year 15,740.4 Total liabilities, end of year** 30,225.0 5,477.3 21,812.6 24,131.6 Total expenses, other than COGS and income tax 3,207.2 Stockholders' equity, end of year 6,492.4 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. ** Total liabilities includes redeemable interest. a. Prepare the income statement for the year ended May 27, 2018. Note: Do not use negative signs with any of your answers. General Mills Income Statement ($ millions) For the year ended May 27, 2018 Revenues = $ 0 Cost of goods sold 0 Gross profit 0 Expenses 0 Income before taxes 0 Income tax expense 0 Net income $ 0 b. Prepare the balance sheet as of May 27, 2018. General Mills Balance Sheet ($ millions) May 27, 2018 Cash $ 0 Liabilities $ 0 Noncash assets 0 Stockholders' equity 0 Total assets $ 0 Total liabilities and equity $ 0

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