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[The following information applies to the questions displayed below.] Clark Footwear, prides itself as being...

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Accounting

[The following information applies to the questions displayed below.] Clark Footwear, prides itself as being the worlds leading marketer of U.S. branded non-athletic footwear.

The following data (in millions) were reported for the second quarter of 2019:

Net Sales $ 2,200

Income Tax Expense 54

Dividends 30

Salaries and Wages Expense 690

Cost of Goods Sold 1,380

Interest Expense 34

Prepare a multistep income statement.

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