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The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $10,716 Total assets 4,370 End of year balance

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:

Net sales $10,716
Total assets 4,370
End of year balance in cash 1,126
Total stockholders' equity 462
Gross profit (Sales - Cost of Sales). 2,653
Net increase in cash for the year 17
Operating expenses 2,065
Net operating cash flow 740
Other income (expense), net (13)

Compute Amazon's cost of goods sold for the year.

$ 7,175

$ 5,110

$ 8,063

$ 8,651

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