ncome statement information for Shoe Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2016, follows (in millions).

Income statement information for Shoe Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2016, follows (in millions). Net income Financial income Financial expenses Operating profit Cost of sales Income taxes 1,021 29 75 1,493 9,913 426 Income before taxes Gross profit Royalty and commission income Other operating income Other operating expenses Net sales 1,447 9,380 110 267 8,264 19,293 Required: 1. Prepare the multiple-step income statement for the company for the year ended December 31, 2016. 2. Prepare the single-step income statement for the company for the year ended December 31, 2016. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the multiple-step income statement for the company for the year ended December 31, 2016. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) Required 1 Required 2 Prepare the multiple-step income statement for the company for the year ended December 31, 2016. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) SHOE GROUP Income Statement ( millions) For Year Ended December 31, 2016 Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the single-step income statement for the company for the year ended December 31, 2016. (Enter your answers in millions.) SHOE GROUP Income Statement ( millions) For Year Ended December 31, 2016 Revenues 0 Total revenues Expenses Total expenses 0 0