Below is an abbreviated income statement for Wal-Mart. Predict the net income for the period ending January 31, 2015, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%.

Walmart Inc. Abbreviated Income Statements for the Years Ending January 31, 20122014 (S in millions) Account 1/31/2012 1/31/2013 1/31/2014 1/31/2015 Sales $446,509 $468,651 $476,294 Cost of goods sold $358,069 $334,393 $352,297 $ 89,148 $ 86,173 $ 91,763 SG&A + Other EBIT $ 25,943 $ 27,206 $ 26,462 $ 2,320 $ 2,249 $ 2,335 Interest expense |Taxes $ 7,958 $ 7,924 $ 8,105 $ 16,022 $ 15,699 $ 16,999 Net income