FedEx Corporation had the following revenue and expense account balances (in millions) for a recent year ending May 31, 2011:

a. Prepare an income statement.
b. Compare your income statement with the related income statement that is available at the FedEx Corporation Web site, which is linked to the text’s Web site at www.cengagebrain.com. What similarities and differences do yousee?

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Depreciation Fuel Maintenance and Repairs Other Expense (Income) Net Provision for Income Taxes $1,973 4,151 1,979 5,674 2,462 39,304 5,524 Salaries and Employee Benefits 15,276 Purchased Transportation Rentals and Landing Fees Revenues 813