Sales HAWKEYE COMPANY Income Statement For the Year Ended December 31, 2021 Cost of goods sold Gross margin Operating expenses: Salaries Depreciation Loss on sale of land ($ in millions) Total operating expenses Operating income Other income (expense): Gain on sale of cash equivalents Interest expense Income before tax Income tax expense Net income $ 950 375 575 $ 237 195 14 446 129 HAWKEYE COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 Cash ($ in millions) (45) 88 44 $ 44 Year 2021 2020 $222 $205 Change $ 17