THE GAP, INC. CONSOLIDATED STATEMENTS OF INCOME Fiscal Year 2010 16.580 $ 10.258 8,322 4,960 1.362 2010 16.383 5 10.250 6,133 5.559 574 76 (30) 528 177 351 $ and shares in millions except per share amounts) Not Sales Cost of goods sold and occupancy expenses Gross profit Operating expenses Operating income Interest expense Interest income Income before income taxes Income taxes Net income 2017 15,855 9.789 6,066 4,587 1,479 74 (19) 1.424 576 848 73 (33) 1.322 319 1,003 5 Based on Gap's Consolidated Statement of Operations for 2019, which of the below is true? i. Gap's net income declined 65% from 2018 to 2019. ii. Gap's interest income exceeds its interest expense in 2017 through 2019. iii. Gap's net income declined 185% from 2018 to 2019. iv. Gap incurred a higher tax rate in 2019 than 2018. Oi and iv only Oi only iii and iv only i, ii, iv only iv only