$6$

Macy's, Incorporated, 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 $1$:

Cost of sales

Federal, state, and local income tax expense

Interest expense

Interest income

Net sales

Other operating expenses

Selling, general, and administrative expenses

Required:

Prepare a complete classified $($multiple$-$step$)$ consolidated statement of income. $($showing gross margin, operating income, and income before income taxes$).$

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$