The following information, based on the 12/31/2024 Annual Report to Shareholders of Krafty Foods ($ in millions):

Accounts payable	$ 2,197
Accounts receivable (net)	3,431
Accrued liabilities	4,405
Cash and cash equivalents	192
Cost of goods sold	17,831
Other current payables	1,952
Current portion of long-term debt	570
Other long-term liabilities	10,611
Retained earnings as of 12/31/2024	2,691
Goodwill and other intangible assets (net)	36,857
Salaries expense	1,865
Interest and other debt expense, net	1,737
Inventories	3,326
Long-term debt	8,434
Long-term notes payable	5,300
Marketing, general and administration expenses	11,760
Operating revenues	35,375
Other current assets	717
Other noncurrent assets	4,026
Other shareholders equity	(2,868)
Common stock	23,955
Property, plant and equipment (net)	9,409
Short-term borrowings	711

Required:

Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31, 2024.

Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10).

Required: Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31,2024. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10)