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Suppose the following information was taken from the 2025 financial statements of pharmaceutical giant Merck & Co. (All dollar amounts are in millions.) Retained earnings,
Suppose the following information was taken from the 2025 financial statements of pharmaceutical giant Merck & Co. (All dollar amounts are in millions.) Retained earnings, January 1, 2025 Cost of goods sold Selling and administrative expenses Dividends Sales revenue Research and development expense Income tax expense $43,500.0 8,500.0 8,300.0 3,500.0 41,200.0 6,400.0 2,000.0 After analyzing the data, prepare an income statement for the year ending December 31, 2025. (Enter amounts in millions rounded to 1 decimal place, e.g. 45.5 million.) MERCK AND CO. Income Statement
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