Macy's, Inc., operates the two best-known high-end department store chains in North America: Macy's and Bloomingdale's. The following data (in millions) were taken from its recent annual report for the year ended February 1:

Cost of sales..........................................................$16,725

Federal, state, and local income tax expense..................... 804

Interest expense......................................................... 390

Interest income.......................................................... 2

Net sales.................................................................. 27,931

Other operating expenses.............................................. 88

Selling, general, and administrative expenses........................ 8,440

Required:

Prepare a complete classified (multiple-step) consolidated statement of income for the company (showing gross margin, operating income, and income before income taxes).