Question: Marcy's, Inc., operates two well-known high-end department store chains in North America Mary's and Bloomingdale's. The following simplified data in milions were taken from its

 Marcy's, Inc., operates two well-known high-end department store chains in North

America Mary's and Bloomingdale's. The following simplified data in milions were taken

Marcy's, Inc., operates two well-known high-end department store chains in North America Mary's and Bloomingdale's. The following simplified data in milions were taken from its recent annual report for the year ended Februaryt $15,891 557 457 Cost of sales Federal, state, and local income tax expense Interest expense Interest income Net sales Other operating expenses Selling, general, and administrative expenses 27,668 667 8,445 Required: Prepare a complete classified (multiple-step) consolidated statement of income for the company (showing gross margin, operating income, and income before income taxes). (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) MARCY'S, INC. Consolidated Statement of Income (in millions)

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