Income Statement, Statement of Stockholders' Equity, and Balance Sheet The following financial data were adapted from a recent annual report of Traymate Corporation for the year ending January 31. In millions Accounts payable $17,143 Cash 1,985 Common stock 7,155 Cost of sales 119,650 Debt and other borrowings 43,708 Income tax expense 3,818 Interest expense 2,165 Inventories 19,795 Other assets Other expenses 7,105 6,443 Other liabilities 16,173 Property and equipment, net 72,873 Sales 171,165 Selling, general, and administrative expenses 35,265 Instructions: 1. Prepare Traymate's income statement for the year ending January 31. Traymate Corporation Income Statement For the Year Ended January 31 (in millions) Sales Expenses: Cost of sales 119,650 Selling, general, and administrative expenses 35,265 Income tax expense 6,443 Interest expense 2,165 Other expenses 3,818 Total expenses Net loss 171,165 167,341 3,824 2. Prepare Traymate's statement of stockholders' equity for the year ending January 31. If an amount box is zero, leave it blank. Common stock, Feb. 1 of prior year $45 Retained earnings, Feb. 1 of prior year 6,495 Other stockholder equity items on Feb. 1 of prior year 10,758 Dividends 3,498 Other items affecting retained earnings (2,068) Other items affecting common stock (2) Other items affecting stockholders' equity 126 Income Statement, Statement of Stockholders' Equity, and Balance Sheet The following financial data were adapted from a recent annual report of Traymate Corporation for the year ending January 31. In millions Accounts payable $17,143 Cash 1,985 Common stock 7,155 Cost of sales 119,650 Debt and other borrowings 43,708 Income tax expense 3,818 Interest expense 2,165 Inventories 19,795 Other assets Other expenses 7,105 6,443 Other liabilities 16,173 Property and equipment, net 72,873 Sales 171,165 Selling, general, and administrative expenses 35,265 Instructions: For the Year Ended January 31 (in millions) Common Stock Retained Earnings Other Items Total Balances, Feb. 1 of prior year 7,155 6,495 10,758 $ 24,408 Net income for year 0 3,824 0 3,824 Dividends -3,498 0 -3,498 Balances, January 31 3. Prepare Traymate's balance sheet as of January 31. Traymate Corporation Balance Sheet January 31 (in millions) Accounts payable Other liabilities Total assets Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity