Saved Help Save & Exit Subm The following information, based on the 12/31/18 Annual Report to Shareholders of Krafty Foods ($ in millions): 1:12:16 Accounts payable Accounts receivable (net) Accrued liabilities and taxes Cash and cash equivalents Cost of sales Current payables to parent and affiliates Current portion of long-term debt Deferred income taxes and other liabilities Retained earnings as of 12/31/18 Goodwill and other intangible assets (net) Income tax expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable to parent and affiliates Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other stockholders' equity Paid-in capital for common and preferred stock Property, plant and equipment (net) Short-term borrowings 3,697 4.931 5,905 342 19,331 3,452 720 12,111 4.191 41,357 3,365 3,237 4.326 9,934 6,800 13,260 42,875 867 5,526 (4,368) 25.055 10,909 361 Required: Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31 2018. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Saved Help Save & Exit Subm The following information, based on the 12/31/18 Annual Report to Shareholders of Krafty Foods ($ in millions): 1:12:16 Accounts payable Accounts receivable (net) Accrued liabilities and taxes Cash and cash equivalents Cost of sales Current payables to parent and affiliates Current portion of long-term debt Deferred income taxes and other liabilities Retained earnings as of 12/31/18 Goodwill and other intangible assets (net) Income tax expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable to parent and affiliates Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other stockholders' equity Paid-in capital for common and preferred stock Property, plant and equipment (net) Short-term borrowings 3,697 4.931 5,905 342 19,331 3,452 720 12,111 4.191 41,357 3,365 3,237 4.326 9,934 6,800 13,260 42,875 867 5,526 (4,368) 25.055 10,909 361 Required: Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31 2018. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).)