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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.
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. Suppose the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions.) Retained earnings $5,000 Bonds payable $4,200 Cost of goods sold 6,860 Inventory 860 Selling and administrative expenses 3,230 Sales revenue 12,800 Cash 350 Accounts payable 1,190 Notes payable 50 Common stock 130 Interest expense 380 Income tax expense 699 Prepare an income statement for Kellogg Company for the year ended December 31, 2022. (Enter amounts in millions, e.g. 45.) KELLOGG COMPANY Income Statement (in millions) SA +A $ CA
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