Intel Corporation is one of the largest companies in the United States. Its annual report for the year ended December 27, 2008 contained the following data and actual terms? ($ in millions):

Requirement 1. Prepare a? multiple-step statement of income. Include the correct amount for Net Revenue.? (Assume that the company categorizes the Restructuring and asset impairment charges as part of operating? expenses.)

Begin by completing the? multiple-step income statement through operating? income, then finish the statement with the computation of net income? (loss).

Cost of sales Research and development Marketing, general, and administrative Restructuring and asset impairment charges Net revenue 16,742 Gross margin 5,722 nterest and other income, net Provision for taxes 5,458 Gains (losses) on equity method investments, net 710 Gains (losses) on other equity investments, net 20,844 488 2,394 (1,380) (376)