Prepare a budgeted Income Statement for Nike, Inc. for the fiscal year 2024, based on the following projections:

• Expected Sales Revenue: $2,000,000,000
• Cost of Goods Sold: 60% of Sales Revenue
• Operating Expenses: $500,000,000
• Depreciation Expense: $100,000,000
• Interest Expense: $50,000,000
• Tax Rate: 20%