Pacific Scientific Corporation's adjusted trial balance as of December 31, 2016, the end of the company's fiscal year, contained the following income statement items ($ in millions): 

sales revenue, $2,145; 

cost of goods sold, $1,330; 

selling expenses, $160; 

general and administrative expenses, $150; 

interest expense, $60; and 

gain on sale of investments, $95. 

The income tax expense has not yet been accrued. The income tax rate is 40%.

Prepare a multi-step income statement for 2016. Ignore the EPS disclosures.