Enter a subtotal of the two previous amounts select

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enter a subtotal of the two previous amounts select between addition and deduction : select an item enter a dollar amount select a closing name $ enter a total amount For the Year Ended December 31, 2022 Retained Earnings, January 1 73,700 Add Net Income / (Loss) 14,720 88,420 Less 6,600
Question 2 of 5 2 / 2 View Policies Show Attempt History Suppose the following information was taken from the 2022 financial statements of pharmaceutical giant Merck and Co. (All dollar amounts are in millions.) Retained earnings, January 1, 2022 $42,300.0 Cost of goods sold 9,300.0 Selling and administrative expenses 8,800.0
Dividends 3,600.0 Sales revenue 41,400.0 Research and development expense 5,800.0 Income tax expense 3,000.0 a1) Correct answer icon Your answer is correct. After analyzing the data, prepare an income statement for the year ending December 31, 2022. (Enter amounts in millions to 1 decimal place, e.g. 45.5 million.) Merck and Co. Income Statement choose the accounting period (in millions) select an opening name for section one enter an income statement item $enter a dollar amount select an opening name for section two enter an income statement item $ enter a dollar amount enter an income statement item enter a dollar amount For the Year Ended December 31, 2022 Revenues Sales Revenue 41,400.0 Expenses Selling and Admin 8,800.0 velopment Expense 5,800.0
enter an income statement item enter a dollar amount enter an income statement item enter a dollar amount select a closing name for section two enter a total of the four previous amounts select a closing name for this statement $enter a net income or loss amount (a2) Correct answer icon Your answer is correct.

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