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

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

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Cost of sales Federal, state, and local income tax expense Interest expense Interest income Net sales Other operating expenses Selling, general, and administrative expenses $15,171 164 205 20 25,331 249 8,998