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For the following Income Statement, please complete a Horizontal Analysis for each line item of the Income Statement for the Year ended 2020. CONSOLIDATED STATEMENTS
For the following Income Statement, please complete a Horizontal Analysis for each line item of the Income Statement for the Year ended 2020. CONSOLIDATED STATEMENTS OF 12 Months Endec INCOME - USD ($) S in Millions Dec. 31, 2020 Dec. 31, 2019 Income Statement [Abstract] Revenues $ 182,527 $ 161,857 Costs and expenses: Cost of revenues 84,732 71,896 Research and development 27,573 26,018 Sales and marketing 17,946 18,464 General and administrative 11,052 9,551 European Commission fines 0 1,697 Total costs and expenses 141,303 127,626 Income from operations 41,224 34,231 Other income (expense), net 6,858 5,394 Income before income taxes 48,082 39,625 Provision for income taxes 7.813 5,282 Net income $ 40,269 $ 34,343 You may round all percentages to the nearest whole number, using the normal rules of rounding. For example, 0375 would be entered at 4%. Please use negative signs (-) as needed
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