The following data (dollar amounts in millions) are from the financial statements of County Corporation:

Average stockholders equity...............................$3,400

Interest expense................................................... $ 800

Preferred stock.................................................... $0

Operating income as a percent of sales................ 20%

Rate of return on stockholders equity................ 10%

Income tax rate................................................... 30%

Requirement

1. Complete the following condensed income statement. Report amounts to the nearest million dollars.

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Sales... Operating expense.. Operating income. Interest expense.. Pretax income Income tax expense. Net income..