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Kellogg Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars.

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Kellogg Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppo the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions.) Retained earnings Cost of goods sold Selling and administrative expenses Cash Notes payable Interest expense $4,600 Bonds payable 6,950 Inventory 3,520 Sales revenue 340 Accounts payable 50 Common stock 330 Income tax expense $6,000 810 12,900 1,200 140 630 CALCU Your answer is partially correct. Try again. Prepare an income statement for Kellogg Company for the year ended December 31, 2022. (Enter amounts in millions, e. KELLOGG COMPANY Income Statement For the Year Ended December 31, 2022 (in millions) Revenues Sales Revenue 12,900 Expenses X 1 6,950 Selling and Administrative Expenses 3,520 Interest Expense 330 Income Tax Expense 630 Total Expenses 11,430 Net Income (LOSS 1,470

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