ILLUSTRATION 4-2 Income Statement-The Home Depot, Inc. Real World Financials Net sales Cost of goods sold Gross profit Selling, general, and administrative expenses Depreciation and amortization Operating income Interest and investment income Interest expense Income before income taxes Income tax expense Net income Source: Home Depot, Inc. Consolidated Statement of Earnings ($ in millions) Year Ended February 2, 2020 $110,225 72.653 37,572 19.740 1,989 15.843 73 (1,201) 14,715 3.473 $ 11.242