Please provide detailed explanation and formulas used to calculate the answers, I have included 2 questions here because I have used up all questions for this month, kindly answer both the questions it is a request as it will be of great help.

Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent statement of earnings contained the following items (in millions). Cost of sales Income tax expense Interest expense Net earnings Sales Selling, general, and administration expenses Other revenues Total revenues $47,642 525 396 1,431 58,727 8,756 23 58,750 Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.) SYSCO CORPORATION Statement of Earnings For the Year Ended June 30, 2018 (in millions of Canadian dollars) Revenues: Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions. SYSCO CORPORATION Statement of Earnings For the Year Ended June 30, 2018 (in millions of Canadian dollars) Revenues Total revenues Expenses: Total pretax expenses Earnings before income taxes Net earnings Leon's Furniture Limited is one of Canada's largest retailers, selling a wide range of merchandise, including furniture, major appliances, and home electronics. Its statement of financial position at December 31, 2017 contained the following items (in millions). Cash and cash equivalents Contributed capital Dividends payable Income taxes payable Intangible assets and goodwill Inventories Loans and borrowings Other assets other components of equity Other liabilities Property, plant, and equipment Retained earnings Total assets Total liabilities and shareholders' equity Trade receivables Trade and other payables $ 36 97 9 8 696 318 194 135 1 443 337 675 1, 661 ? 139 234 Required: 1. Prepare a statement of financial position as at December 31, 2017, solving for the missing amount. (Enter your answers in millions.) LEON'S FURNITURE LIMITED Statement of Financial Position As at December 31, 2017 Trade and other payables 234 Required: 1. Prepare a statement of financial position as at December 31, 2017, solving for the missing amount. (Enter your answers in millions.) LEON'S FURNITURE LIMITED Statement of Financial Position As at December 31, 2017 (in millions of Canadian dollars) Assets Total assets $ 0 Liabilities and Shareholders' Equity Total assets Liabilities and Shareholders' Equity Total liabilities Total shareholders' equity Total liabilities and shareholders' equity Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent statement of earnings contained the following items (in millions). Cost of sales Income tax expense Interest expense Net earnings Sales Selling, general, and administration expenses Other revenues Total revenues $47,642 525 396 1,431 58,727 8,756 23 58,750 Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.) SYSCO CORPORATION Statement of Earnings For the Year Ended June 30, 2018 (in millions of Canadian dollars) Revenues: Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions. SYSCO CORPORATION Statement of Earnings For the Year Ended June 30, 2018 (in millions of Canadian dollars) Revenues Total revenues Expenses: Total pretax expenses Earnings before income taxes Net earnings Leon's Furniture Limited is one of Canada's largest retailers, selling a wide range of merchandise, including furniture, major appliances, and home electronics. Its statement of financial position at December 31, 2017 contained the following items (in millions). Cash and cash equivalents Contributed capital Dividends payable Income taxes payable Intangible assets and goodwill Inventories Loans and borrowings Other assets other components of equity Other liabilities Property, plant, and equipment Retained earnings Total assets Total liabilities and shareholders' equity Trade receivables Trade and other payables $ 36 97 9 8 696 318 194 135 1 443 337 675 1, 661 ? 139 234 Required: 1. Prepare a statement of financial position as at December 31, 2017, solving for the missing amount. (Enter your answers in millions.) LEON'S FURNITURE LIMITED Statement of Financial Position As at December 31, 2017 Trade and other payables 234 Required: 1. Prepare a statement of financial position as at December 31, 2017, solving for the missing amount. (Enter your answers in millions.) LEON'S FURNITURE LIMITED Statement of Financial Position As at December 31, 2017 (in millions of Canadian dollars) Assets Total assets $ 0 Liabilities and Shareholders' Equity Total assets Liabilities and Shareholders' Equity Total liabilities Total shareholders' equity Total liabilities and shareholders' equity