GAP Inc. Common Size Income Statement	12 Months Ended-in millions $			Percentages
	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Revenues	$ 13,800	$ 16,383	$ 16,580
Cost of goods sold and occupancy expenses	9,095	10,250	10,258
Gross profit	4,705	6,133	6,322
Operating expenses	5,567	5,559	4,960
Operating income (loss)	(862)	574	1,362
Loss on Extinguishment of Debt	58	0	0
Interest expense	192	76	73
Interest income	(10)	(30)	(33)
Income (loss) before income taxes	(1,102)	528	1,322
Income taxes	(437)	177	319
Net income (loss)	$ (665)	$ 351	$ 1,003

a. Review the vertical analyses and provide two major differences over the three years and discuss patterns that emerge? You should be focusing on specific accounts and not subtotals or totals.

b. What are the company's two largest major expenses for the current year?

c. Discuss the fluctuations in interest expense and income taxes. What are the causes of these changes? you need to provide specific causes for the applicable company that relates specifically to the interest expense and income taxes.

d. Was the company more or less profitable when compared to the prior year? Using the specific income statement ratios or amounts, explain what caused the change in income from the year prior.