Question: E9.3. Tax Allocation: Top-Down and Bottom-Up Methods (Easy) From the following income statement (in millions), calculate operating income after tax, using both the top-down and

E9.3. Tax Allocation: Top-Down and Bottom-Up Methods (Easy) From the following income statement (in millions), calculate operating income after tax, using both the top-down and bottom-up methods. Use a tax rate of 37 percent. Revenue Cost of goods sold Operating expenses Interest expense Income Taxes Net income $6,450 13,8701 [1,843) (135) [181] 421

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