Macy's, Inc., operates the two best-known high-end department store chains in North America: Macy's and Bloomingdale's. The following simplified data (in millions) were taken from its recent annual report for the year ended February 1: Cost of sales $15,621 Federal, state, and local income tax expense 341 Interest expense 367 Interest income 4 25,778 Net sales Other operating expenses Selling, general, and administrative expenses 577 8,265 Required: 1. Prepare a complete Multistep Income Statement for the company (showing a gross profit, operating income, and net income). 2. What is the Gross Profit Rate? (show calculations) 3. What is the Net Profit Margin Rate? (show calculations)