The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($...
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The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other long-term liabilities Retained earnings as of 12/31/2021 Goodwill and other intangible assets (net) Salaries expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other shareholders' equity Common stock Property, plant and equipment (net) Short-term borrowings 3,597 4,831 5,805 332 19,231 3,352 710 12,011 4,091 41,057 3,265 3,137 4,726 9,834 6,700 13,160 42,375 857 5,426 (4,268) 25,355 10,809 851 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).) KRAFTY FOODS Income Statement For the Year Ended December 31, 2021 ($ in millions) 0 0 $ $ 0
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