The following table reports the Consolidated Statements of income in Million (USD 5) of Facebook Inc. for five fiscal years Dec. 31, Dec. 31. 2014 2013 Dec. 31. 2012 Dec. 31, 2011 Dec 31, 2010 Research and development 2,666 1.415 1.399 388 144 Marketing and sales 1.680 997 896 393 167 Cost of sales 2.153 1.875 1,364 860 493 General and administrative 973 781 892 314 138 Revenue 12.466 7.872 5,089 3.711 1.974 Provision for income taxes 1,970 1.254 441 695 402 Interest income/lexpense) (84) (50) (44) (61) (24) Required: 1) Prepare a condensed income statement for FY2014 classifying costs by function and showing gross margin, operating income, Income before taxes, and net income 2) Compute the ROS for FY2014. 3) Compute the gross margin ratio for FY2010. 4) Based on the High-Low method, determine a cost estimation function for marketing and sales expenses, using revenues as indicator of the level of activity. 5) Based on the cost estimation function you determined, show the formula to estimate the amount of marketing and sale expenses in FY2015 if the revenues percent change is the same as that from 2013 to 2014. Edit View Insert Format Tools Table