QS 4-15 IFRS income statement presentation LO P Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2014, follows. The company applies IFRS and reports its results in millions of Euros. Net income Financial income Financial expenses Operating profit Cost of sales Income taxes Income before taxes Gross profit Royalty and commission income Other operating income Other operating expenses Net sales 469 43 130 837 7,000 281 750 6,657 97 90 6,007 13,657 Required 1. Prepare the multiple-step income statement for the company for the year ended December 31 2014. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.)