Instructions Indicate the deficiencies in the income statement presented above. Assume that the corporation desires a single-step income statement. CA4-2 (Income Reporting Deficiencies) The following represents a recent income statement for Boeing Company. (S in millions) Sales Costs and expenses Income from operations Other income Interest expense Earnings before income taxes Income taxes Net income $21,924 20,773 1,151 122 130) 1,143 (287) $856 It includes only five separate numbers (two of which are in billions of dollars), two subtotals, and the net earnings figure Instructions (a) Indicate the deficiencies in the income statement (b) What recommendations would you make to Boeing to improve the usefulness of its income statement