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  3. the following information is taken from the 2020 a

The following information is taken from the 2020 annual report for Best Buy...

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Accounting

The following information is taken from the 2020 annual report for Best Buy (amounts are in millions and Best Buy's 2020 Fiscal Year ended on February 1, 2020):

Interest expense $ 64 Net revenues $ 43,638
Inventory (Feb 1, 2019) 5,409 Investment income 47
Gain on Sale of Investments 1 Cost of goods sold 33,590
Selling, General, and Admin Expenses 7,998 Restructuring Expenses 41
Income tax expense 452 Inventory (Feb 1, 2020) 5,174

Required:

1. Prepare a multiple-step income statement for Best Buy for the year ended February 1, 2020.

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