Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2014, follows. The company applies IFRS and reports its results in millions of Euros.

Net income 564

Financial income19

Financial expenses67

Operating profit883

Cost of sales7,610

Income taxes271

Income before taxes835

Gross profit6,924

Royalty and commission income102

Other operating income138

Other operating expenses6,281

Net sales14,534

1. Prepare the multiple-step income statement for the company for the year ended December 31, 2014.(Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.)

2. Prepare the single-step income statement for the company for the year ended December 31, 2014.(Enter your answers in millions.)