listinprogress the eBook Calculator Common Sired Income Statements Kellogg Company (K) produces, markets, and distributes cernal and food products including Chee it, CocoReps, Rice Krispies, and Pringles. The following partial income statements (in millions) were adapted from recent financial statements. Year 1 Year 2 Sales $13,014 $12.923 Cost of goods sold (8,259) (7,901) $4,755 $5,022 Gross profit Selling and administrative expenses (3,076) (3,360) $ 1,395 Operating income $ 1,946 1. Prepare common-sized Income statements for Years 1 and 2. Round your answers to one decimal place Kellogg Company Common-Sized Income Statement Year 1 and 2 Year 1 Year Increase Decrease Sales Cost of goods sold Gross profit 96 Selling and administrative expenses Operating income Check My Work Save and Sub Agent for Grad All saved OSU O e