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The following information, based on the 12/312021 Annual Report to Shareholders of Krafty Foods ($ in millions); 24 1.897 3,11 4,105 162 17,531 1,652 Accounts
The following information, based on the 12/312021 Annual Report to Shareholders of Krafty Foods ($ in millions); 24 1.897 3,11 4,105 162 17,531 1,652 Accounts payable hecounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other long-term labilities Retained earnings as of 12/31/202) Goodwill and other intangible aseta (net) Salaries expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable Marketing, general and administration expenses Operating revenues Other current assets Other noneurrent assets other shareholders' eguity Common stock Property, plant and equipment (net) Short-tern borrowings 10,311 2,391 35,957 1,565 1.43 3,026 8,134 5.000 11,460 33,875 687 3,726 (2,568) 23.655 9,109 601 Required: Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31, 2021, (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) KRAFTY FOODS Income Statement For the Year Ended December 31, 2021 (5 in millions) 33.875 Enter your answers in millions (i.e., 10,0 $ KRAFTY FOODS Income Statement For the Year Ended December 31, 2021 ($ in millions) Operating revenues Cost of goods sold Gross profit Marketing, general and administration expenses Salaries expense Retained earnings Income before taxes 33,875 17,531 16,344 11,460 1,565 3,319 $ 0 $ 0
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