Microsoft Corporation is preparing its financial statements for the fiscal year 2023. The financial data includes:

Transactions (in $ millions)	Amount
Cash Sales	450,000
Credit Sales	225,000
Cash Payments	270,000
Accounts Receivable	110,000
Software Development Costs	150,000
Estimated Maintenance Costs	35,000

Requirements:

• Prepare Microsoft's income statement for 2023 using the modified cash basis.
• Calculate net income considering the conservatism principle.
• Discuss the impact of estimated maintenance costs on financial statements.
• Analyze the treatment of accounts receivable and software development costs under the conservatism principle.