Question: Prepare an income statement for Johnson & Johnson for the year ended December 31, 2023, with the following information: Total Revenue: $150 billion Cost of

Prepare an income statement for Johnson & Johnson for the year ended December 31, 2023, with the following information:

  • Total Revenue: $150 billion
  • Cost of Goods Sold: $50 billion
  • Operating Expenses: $40 billion
Taxes: $20 billion

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