Question 1 Not complete Marked out of 11.00 PFlag question Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. 3M COMPANY Consolidated Statements of Income For Years ended December 31 ($ millions) Net sales Operating expenses Cost of sales Selling, general and administrative expenses Research, development and related expenses Gain on sale of businesses 2018 2017 $21,494 $20,767 10,943 10,532 4,987 4,347 1,821 1,870 (547) (586) Total operating expenses Operating income 17,204 16,163 4,290 4,604 Other expense, net* 136 94 Income before income taxes Provision for income taxes 4,154 4,510 1,074 1,757 Net income including noncontrolling interest 3,080 2,753 Less: Net income attributable to noncontrolling interest 14 11 Net income attributable to 3M $3,066 $2,742 *Interest expense, gross $350 $322