Brief Exercise 4-3 (Static) Multiple-step income statement (L04-1, 4-3] The adjusted trial balance of Pacific Scientific Corporation on December 31, 2021, the end of the company's fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,106; cost of goods sold, $1,240; selling expense, $126; general and administrative expense, $105; interest expense, $40; and gain on sale of investments, $45. Income tax expense has not yet been recorded. The income tax rate is 25%. Prepare a multiple-step income statement for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) $ PACIFIC SCIENTIFIC CORPORATION Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses: Selling expense $ 126 General and administrative expenses 105 2,106 (1,240) 866 Total operating expenses 231 Operating income 635 Other income (expense): Gain on sale of investments 45 Interest expense (35) Total other income, net 10 Income before income taxes 645 Income tax expense (258) X Net income 387 X *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted