MMT Corporation reports the following income statement items ($ in millions) for the year ended December 31, 2024: sales revenue, $2,000; cost of goods sold, $1,270; selling expense, $130; general and administrative expense, $120; interest expense, $50; and gain on sale of investments, $70. Income tax expense has not yet been recorded. The income tax rate is 25%. Required: Prepare a multiple-step income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Gross profit Operating expenses: MMT CORPORATION Income Statement For the Year Ended December 31, 2024 Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Net income 0