Please help me with Q: b please........

Common-Size and Forecast Income Statements Refer to the income statements for The Gap, Inc., presented below.

a. Prepare common-size income statements for fiscal years 2014 (ending January 31, 2015) and 2013 (ending February 1, 2014). Round answers to one decimal place (i.e., 0.2568 = 25.7%).

The Gap, Inc. Common-Size Income Statements
Fiscal year ended	Jan. 31, 2015		Feb. 1, 2014
Net sales	$20,222	Answer	$19,935	Answer
Cost of goods sold & occupancy expenses	11,667	Answer	11,376	Answer
Gross profit	8,555	Answer	8,559	Answer
Operating expenses	5,991	Answer	5,929	Answer
Operating income	2,564	Answer	2,630	Answer
Interest expense	79	Answer	65	Answer
Interest income	(9)	Answer	(9)	Answer
Income before income taxes	2,494	Answer	2,574	Answer
Income taxes	973	Answer	1,004	Answer
Net earnings	$1,521	Answer	$1,570	Answer

b. Prepare an income statement forecast for the fiscal year 2015 (ending January 30, 2016), based on the following assumptions: - Net sales total $18,000 million. - Cost of goods sold and occupancy expenses are 64% of sales. - Operating expenses total 26% of sales. - Interest income and interest expense are unchanged from the 2014 amounts. - The Gap's effective tax rate is 39%.

Round answers to the nearest dollar. Use rounded answers for subsequent calculations. Use a negative sign with your interest income answer only.

The Gap, Inc. Proforma Income Statement
	Jan. 30, 2016
Net sales	Answer
Cost of goods sold & occupancy expenses	Answer
Gross profit	Answer
Operating expenses	Answer
Operating income	Answer
Interest expense	Answer
Interest income	Answer
Income before income taxes	Answer
Income taxes	Answer
Net earnings	Answer