The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):

Accounts payable 1,897

Accounts receivable (net) 3,131

Accrued liabilities 4,105

Cash and cash equivalents 162

Cost of goods sold 17,531

Other current payables 1,652

Current portion of long-term debt 540

Other long-term liabilities 10,311

Retained earnings as of 12/31/20 212,391

Goodwill and other intangible assets (net) 35,957

Salaries expense 1,565

Interest and other debt expense, n et1,437

Inventories 3,026

Long-term debt 8,134

Long-term notes payable 5,000

Marketing, general and administration expenses 11,460

Operating revenues 33,875

Other current assets 687

Other noncurrent assets 3,726

Other shareholders' equity (2,568)

Common stock 23,655

Property, plant and equipment (net) 9,109

Short-term borrowings 681

Required:

Based on the information presented above, prepare the Income Statement for Krafty Foodsfor the year ended December 31, 2021