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General Mills Inc. (GIS) produces, markets, and distributes cereal and food products including Cheerios, Wheaties, Cocoa Puffs, Yoplait, and Pillsbury branded products. The following partial

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General Mills Inc. (GIS) produces, markets, and distributes cereal and food products including Cheerios, Wheaties, Cocoa Puffs, Yoplait, and Pillsbury branded products. The following partial income statements (in millions) were adapted from recent financial statements. Year 1 Year 2 Sales $17,910 $17,630 (11,540) (11,681) Cost of goods sold Gross profit Selling and administrative expenses Operating income $6,370 (3,474) $ 2,896 $ 5,949 (7,328) $ 2,621 1. Prepare common-sized income statements for Years 1 and 2. Round your answers to one decimal place. If an amount is zero, enter"0" General Mills Inc. Common-Sized Income Statement Year 1 and 2 Year 1 Year 2 Increase (Decrease) Sales 100 % 100 0 % Cost of goods sold Gross profit PODE Selling and administrative expenses 96 Operating income 1. PROSCO San Mateo Health Care Inc. is cured and operated by Rachells the sole ockholder During January 2016, San Mateo Health Care entered into the following transactions Jan 1 Received $27,000 from and Company as rent for the use of a cantoffice in San Mateo Heath Care's building Hilarded the rest one month in advance 1 Paid $6,000 for one year generalinice business poby 6 Purchased us of $1.000 count Collected $32,000 for services provided to customers on court 11 Paid creditors 55,000 on account 18 Investitional $10,000 in the business in exchange for commented 20 biled patients 552,000 for services provided on account 25 Received $15,000 for services provided to customers who paid cash 30 Pad expenses as follows wages, 31,000, 8,500; rest on medical equipment, 55,300; interest, 5200, and scenes, 3.000 30 Paid dividends of 8,000 to stockholder (De Fields) Adjustment data for San Mateo Care Inc. for January are as follows: 1. Insurance expired $500 2. Supplies on hand on January 31, 1.200 3. Depreciation on building, $2,300 4. Uneamedrent revenue samned $3.000 5 Wages owed employees but not paid, 12.900 6. Services provided but not led to patients, 55.000 Presented in the integrated financial atenent format are wher-adwent balances for January Instructions Prepare an income statement for January San Mateo Health Care Inc. Income Statement For the Month Ended January 31, 2016 Fees earned LOS X

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