Question: 3 a Use the attached income statement to answer the following questions, How much did the company spend to create the goods and services it

3 a Use the attached income statement to answer the following questions, How much did the company spend to create the goods and services it sold? (3 points) b. Does the company have debt? Why or why not? (4 points) How much income is available to common stockholders? (3 points) 2019 2018 FINANCIAL RESULTS In millions) Sales o Other revenue Total revenue Cost of sales Selling, general and administrative expenses (SGBA) Depreciation and amortization (exclusive of depreciation included in cost of sales) Operating income Net interest expense Net other Uncome /expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net earnings $77,130 982 78,112 54,864 16.233 2,357 4,658 477 191 4,190 921 3.269 12 $3.281 $74,433 923 75,356 53.299 15.723 2.224 4,110 461 (27) 3,676 746 2,930 7 $2,937

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