Kellogg Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based...

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Kellogg Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2025 income statement and balance sheet. (All dollars are in millions.) Retained earnings $4,000 Bonds payable $5,300 Cost of goods sold 7,320 Inventory 830 Selling and administrative expenses 3,130 Sales revenue 12,500 Cash 360 Accounts payable 1,180 Notes payable 60 Common stock 110 Interest expense 350 Income tax expense 510 (a) (b) Prepare an income statement for Kellogg Company for the year ended December 31, 2025. (Enter amounts in millions, e.g. 45.) KELLOGG COMPANY Income Statement (in millions) $ Kellogg Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2025 income statement and balance sheet. (All dollars are in millions.) Retained earnings $4,000 Bonds payable $5,300 Cost of goods sold 7,320 Inventory 830 Selling and administrative expenses 3,130 Sales revenue 12,500 Cash 360 Accounts payable 1,180 Notes payable 60 Common stock 110 Interest expense 350 Income tax expense 510 (a) (b) Prepare an income statement for Kellogg Company for the year ended December 31, 2025. (Enter amounts in millions, e.g. 45.) KELLOGG COMPANY Income Statement (in millions) $