E$1-5$ Preparing a Statement of Earnings C$]$ Lo$1-1$

Sysco Corporation

Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels, and

other customers. A simplified version of its recent statement of earnings contained the following items $($in millions of U$.$S$.$ dollars$).$

Prepare a statement of earnings ftor the year ended June $30,$ current year. $($Hint: First order the items as they would appear on the

statement of earnings and then confirm the values of the subtotals and totals. C Exhibit $1\mathrm{.}3$ in the chapter provides a good model for

completing this exercise.$)$

Cost of sales

Income tax expense

Interest expense

Net earnings

Sales revenue

Selling, general, and administrative expenses

Other revenues

$$41,941$

$61$

$880$

$1,431$

$51,298$

$7,919$

$27$