Amazon.com, Inc. is analyzing its financial performance for the fiscal year 2023. The following financial data is available:

Transactions (in $ millions)	Amount
Cash Sales	2,500
Credit Sales	1,500

Requirements:

• Prepare Amazon.com, Inc.'s income statement for 2023, using the direct method for operating cash flows.
• Calculate and interpret the gross profit margin and operating profit margin.
• Discuss the accounting treatment of inventory under the lower of cost or market rule.
• Analyze the impact of changes in fair value of derivative financial instruments.
• Prepare a schedule of accounts payable for Amazon.com, Inc. as of December 31, 2023.