The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):
Accounts payable 1,997
Accounts receivable (net) 3,231
Accrued liabilities 4,205
Cash and cash equivalents 172
Cost of goods sold 17,631
Other current payables 1,752
Current portion of long-term debt 550
Other long-term liabilities 10,411
Retained earnings as of 12/31/202
12,491
Goodwill and other intangible assets (net)
36,257
Salaries expense 1,665
Interest and other debt expense, net
1,537
Inventories 3,126
Long-term debt 8,234
Long-term notes payable 5,100
Marketing, general and administration expenses
11,560
Operating revenues 34,375
Other current assets 697
Other noncurrent assets 3,826
Other shareholders’ equity (2,668)
Common stock 23,755
Property, plant and equipment (net)
9,209
Short-term borrowings 691
Required:
Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)