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please help me. thank you. mework #1 Saved He The adjusted trial balance of Pacific Scientific Corporation on December 31, 2021, the end of the
please help me. thank you.
mework #1 Saved He 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, $2,200, cost of goods sold. $1.440: selling expense, $215. general and administrative expense, $205; interest expense, $45; and gain on sale of investments, $85. 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 0 Gross profit Operating expenses Total operating expenses Operating income Other income (expense) 0 0 Total other income, net Income before income taxes 0 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 Gross profit Operating expenses 0 0 Total operating expenses Operating income Other income (expense) 0 Total other income, net 0 Income before income taxes 0 Net incomeStep by Step Solution
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