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Marcy's, Inc., operates two well-known high-end retail chains in North America. Marcy's and Bloomingdale's. The following simplified data (in millions) were taken from its recent

Marcy's, Inc., operates two well-known high-end retail chains in North America. Marcy'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 $ 15,891
Federal, state, and local income tax expense 557
Interest expense 457
Interest income 4
Net sales 27,668
Other operating expenses 667
Selling, general, and administrative expenses 8,445

Required:

Prepare a complete classified (multiple-step) consolidated statement of income for the company (showing gross margin, operating income, and income before income taxes). (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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