Income statement information for adidas Group, a German footwear, apparel, and accessories...

Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2009, follows. The company applies IFRS, as adopted by the European Union, and reports its results in millions of Euros. Prepare its calendar year 2009 (1) multiple-step income statement and (2) single-step income statement.

Net income	â‚Ź 245
Financial income	19
Financial expenses	169
Operating profit	508
Cost of sales	5,669
Income taxes	113
Income before taxes	358
Gross profit	4,712
Royalty and commission income	86
Other operating income	100
Other operating expenses	4,390
Net sales	10,381