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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 $5,481 Bonds payable $4,835 Cost of goods sold 7,184 Inventory 910 Selling and administrative expenses 3,390 Sales revenue 12,575 Cash 334 Accounts payable 1,077 Notes payable 44 Common stock 105 Interest expense 295 Income tax expense 498 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) $ $
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