Question: Portions of the financial statements for Myriad Products are provided below.MYRIAD PRODUCTS COMPANYIncome StatementFor the Year Ended December 3 1 , 2 0 2 1

Portions of the financial statements for Myriad Products are provided below.MYRIAD PRODUCTS COMPANYIncome StatementFor the Year Ended December 31,2021($ in millions)SalesCost of goods soldGross marginSalaries expenseDepreciation expenseAmortization expenseInterest expenseLoss on sale of landIncome before taxesIncome tax expenseNet Income$ 680238442$ 95765164196246123$ 123MYRIAD PRODUCTS COMPANYSelected Accounts from Comparative Balance SheetsDecember 31,2021 and 2020($ in millions)CashYear20212020ChangeAccounts receivable$114$108$6228244(16)Inventory444458(14)Accounts payable16015010Salaries payable8494(10)Interest payable37289Income tax payable27189

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