TABLE 4-1 Cot Income Statement din millions, except per share data, and as a percentage of sales) for the Year Ending December 31, 2014 Sales $ 45,998 Cost of goods sold 17,889) Gross profit $ 28,109 Operating expenses: Solling, general and administrative expenses $ (16,426) Depreciation expense 1,978) Total operating expenses $08,402) Operating income (earnings before interest and taxes) $ 9,707 Interest expense (483) Income before tax (taxable income) $ 9,224 Income tax expense (2.126) Net income (earnings available to common shareholders) $7,098 ‘Additional informatio ‘Number of common shares (millions) 4,450 Earnings er share (net income + numberof shares) $160 Dividends paid to stockholders $ 5350 Dividends per share $120ry Cash $21,675 Accounts receivable 4,465 Inventory 3,100 ther current assets 35 Total current assets, $32,985 Gross plant and equipment $26,674 ‘Accumulated amortization {12.041) Net plant and equipment $14,633 Long-term investments 13,625 Goodwill, trademarks, and other intangible assets 30779 Taal assets $92,023 Acoounts payable $ 9,634 Short-term notes payable 22,740 Total curent liabilities $32,374 Long-term debt 29329 Total liabilities $61,703 Stockholders’ equity Common stock (per value) $ 1,760 Pid-in capital 13,154 Retained earings 63,408 Treasury stock 48,002) Total stockholder equity $30,320 Total liabilities and equity $92,023