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Exercise 1-06 al-a2 (Part Level Submission) Suppose the following information was taken from the 2022 financial statements of pharmaceutical giant Merck and Co. (All dollar
Exercise 1-06 al-a2 (Part Level Submission) Suppose the following information was taken from the 2022 financial statements of pharmaceutical giant Merck and Co. (All dollar amounts are in millions.) Retained earmings, January 1, 2022 $49,600.0 9,300.0 Cost of goods sold Selling and administrative expenses 8,200.0 Dividends 3,400.0 Sales revenue 44,000.0 Research and development expense 6,300.0 Income tax expense 2,700.0 (al) After analyzing the data, prepare an income statement for the year ending December 31, 2022. (Enter amounts ln milllons to 1 decimal place, e.g. 45.5 milllon.) Merck and Co. Income Statement (in millions) $1 %24 Click if you would Ilke to Show Work for this question: Show Work Open
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