Response to the following questions:
1. For the year ending July 3, 2010, Sara Lee Corporation had revenues of $10,793 million and total expenses of $10,287 million. Did Sara Lee Corporation incur a net loss or realize net income?
2. What particular item of financial or operating data appears on both the income statement and the retained earnings statement? What item appears on both the balance sheet and the retained earnings statement? What item appears on both the balance sheet and statement of cash flows?