Sears Holdings Corporation is a major retailer. The company’s annual report contained the following actual data, which has been somewhat summarized, for the year ended January 28, 2012 ($ in millions):

Net revenues ……………………………..........………    $41,567

Purchases of inventory ………………………......….    30,422

Selling and administrative expenses …………….  10,664

Depreciation and amortization …………...……….       853

Other operating expenses ………………......….….        585

Interest expense (net) ……………………….......……        289

Other income ……………………………............………          39

Income taxes …………………………………............…     1,369

The balance sheets included the following actual data ($ in millions of dollars):

Prepare a detailed multiple-step income statement that includes the calculation of Cost of Goods Sold and ends with Net Earnings.

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January 28 2012 January 29 2011 Inventories 8,407 8,951