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Exercise 1-20 Preparing an income statement for a global Ford Motor Company, one of the world's largest automakers, reports the follow December 31, 2015 (S In millions). 33:30 221.789 633,659 1,045,495 96,956 Selling and administrative costs Cost of sales Revenues Other expenses ok Using the above Information prepare Ford's Income statement for the year ende millions.) nt FORD MOTOR COMPANY Income Statement For year ended December 31, 2015 Revenue S 1,045,495 Expenses Cost of sales 633.659 Other expenses 96,956 Selling and administrative costs 221.789 Total expenses 952 404 93,091 Net income Exercise 1-20 Preparing an income statement for a global company LO P2 Ford Motor Company, one of the world's largest automakers, reports the following income statement accounts for the year ended December 31, 2015 ($ In millions). 221,789 633,659 1,045,495 96,956 Selng and administrative costs Cost of sales Revenues Other expenses Using the above information prepare Ford's Income statement for the year ended December 31, 2015. (Enter your answers in mililons.) FORD MOTOR COMPANY Income Statement For year ended December 31, 2015 Revenue S 1,045.495 Expenses Cost of sales 633.659 96.956 Other expenses Selling and administrative costs 221,789 952.404 Total expenses 93.091 Net income