The Max, Incorporated, is a leading fashion retailer that offers customers an extensive selection of high-quality fashion brands focused on apparel, shoes, cosmetics, and accessories for women, men, young adults and children. The items reported on its income statement for an earlier year (ended February 1) are presented here (dollars in millions) in simplified form in alphabetical order Cost of goods sold Interest expense Net revenue Other selling, general, and administrative expenses Income tax expense Weighted average shares outstanding nces Required: $ 10,871 110 16,724 4,908 166 145 a. Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income before income taxes). b. What is the gross profit percentage? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income l before income taxes). Note: Enter your answers in millions not in dollars (ie, 10,000,000 should be entered as 10), Round "Earnings per share" to 2 decimal places. THE MAX, INCORPORATED Consolidated Income Statement Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income- before income taxes). Note: Enter your answers in millions not in dollars (i.e., 10,000,000 should be entered as 10). Rou "Earnings per share" to 2 decimal places. THE MAX, INCORPORATED Consolidated Income Statement (In Millions Except Per Share Amounts) Earnings per share: Earnings per share i Weighted average shares outstanding Renured Required 2 > Required: a. Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income befo income taxes). b. What is the gross profit percentage? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the gross profit percentage? Note: Enter your answer as a percentage rounded to 1 decimal place (l.e., 0.123 should be entered as 12.3). Gross profit percentage %