Staples, Inc., is a leading office products distributor, with retail stores in the United States, Canada, Asia, Europe, and South America. The following financial statement data were adopted from Staples’ financial statements as of February 3, 2007 and January 28, 2006:

a. Determine the missing data indicated for (1) and (2).

b. Using the income statement data for 2007, determine the amount of net income or loss.

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Total assets Total liabilities Total stockholders' equity Sales 2007 (in thousands) $ 8,397,265 (1) 2006 (in thousands) $7,676,589 3,251,118 5,021,665 (2) 18,160,789 Cost of goods sold 12,966,788 Selling and administrative expenses 3,716,517 Other income and (expense) (5,835) Income tax expense 497,972