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The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods (S in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash
The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods (S in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other langu liabilities Retained earnings as of 12/1/2021 Goodwill and other intangible assets (net) Salaries expensentan Interest and other debt expense, net Inventories 3.02 4,331 5,45 282 18,751 2,352 550 11,511 3,591 39,557 2.765 2,037 4,226 9.334 6.2004 12,652 39,575 Baz 4,925 (1/6) 24,855 10, 31 Long-tern de payable Long-term notes payable Marketing, general and advinistration expenses Operating revenues Other current assets Other noncurrent assets Other shareholders' equity Common stock Property, plant and equipment (net) Short-tern borrowing 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 (ie., 10,000,000 should be entered as 10).) KRAFTY FOODS Income Statement For the Year Ended December 31, 2021 $ in millions) S
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