Question: After analyzing the data, prepare an income statement for the year ending December 31, 2022. (Enter amounts in millions to 1 decimal place, eg. 45.5

After analyzing the data, prepare an income statement for the year ending December 31, 2022. (Enter amounts in millions to 1 decimal place, eg. 45.5 million.) Merck and Co. Income Statement For the Year Ended December 31, 2022 (in millions) Revenues Sales Revenue $ 44.600 Expenses Income Tax Expense 2.500 Selling and Administrative Expenses 8,300 Research and Development Expense 5.700 Cost of Goods Sold 9,100 Total Expenses 25,600 i Net Income /(Loss) 20.000 e Textbook and Media Assistance Used List of Accounts Attempts: 5 of 5 used (a2) After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earnings first. Enter amounts in millions to 1 decimal place, e.g. 45.5 million.) Merck and Co. Retained Earnings Statement For the Year Ended December 31, 2022 (in millions) $ $ Suppose the following information was taken from the 2022 financial statements of pharmaceutical giant Merck and Co. (All dollar amounts are in millions.) $48,700.0 9,100.0 Retained earnings, January 1, 2022 Cost of goods sold Selling and administrative expenses Dividends 8,300.0 3.100.0 44,600.0 Sales revenue Research and development expense Income tax expense 5,700.0 2,500.0
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