Identifying Operating Income Components Following is the Deere & Company income statement for 2018. a. Identify the components in its income statement that you would consider operating. Using the drop-down box next to each account, indicate whether it is operating or nonoperating. 900.4 Operating or $ millions 2018 Nonoperating Net sales and revenue Net sales $33,350.7 Finance and interest income 3,106.6 Other income Total $37,357.7 Costs and expenses Cost of sales 25,751.2 Research and development expenses 1,399.1 Selling, administrative and general expenses 1,657.6 Interest expense 3,455.5 Other operating expenses 1,203.6 Total 33,287.0 Income of consolidated group before income taxes 4,070.7 Provision for income taxes 1,726.9 Income of consolidated group 2,343.8 Equity in income of unconsolidated affiliates Net income 2,370.6 Less: Net income attributable to noncontrolling interests 2.2 Net income attributable to Deere & Company $2,368.4 Notes: The income statement includes John Deere commercial and consumer tractor segment, a finance subsidiary that provides loan and lease financing relating to the sales of those tractors, and a health care segment that provides managed health care services for the company and certain outside customers. Equity in income of unconsolidated affiliates refers to income John Deere has earned on investments made for strategic purposes. 26.8