In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 income statement reported income tax expense of $2,953 million. What did Microsoft report as income before income tax expense that year? What did Microsoft report as income before income tax expense that year?

a. $14,826 million
b. $19,687 million
c. $27,054 million
d. $ 7,571 million
e. None of the above

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