The following information, based on the 12/31/2024 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables $ 3,197 4,431 5,405 292 18,831 2,952 Current portion of long-term debt 670 Other long-term liabilities 11,611 Retained earnings as of 12/31/2024 3,691 Goodwill and other intangible assets (net) 39,857 Salaries expense 2,865 Interest and other debt expense, net 2,737 Inventories 4,326 Long-term debt 9,434 Long-term notes payable 6,300 Marketing, general and administration expenses 12,760 Operating revenues 40,375 Other current assets 817 Other noncurrent assets 5,026 Other shareholders' equity (3,868) Common stock 24,955 Property, plant and equipment (net) 10,409 811 Short-term borrowings 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). KRAFTY FOODS Income Statement For the Year Ended December 31, 2024 Operating revenues ($ in millions) Cost of goods sold Gross profit Marketing, general and administration expenses Salaries expense Retained earnings Total non-operating expenses $ 40,375 18,831 21,544 12,760 2,865 5,919 Operating revenues 3,868 Interest and other debt expense, net 2,737 Net income $ (686)