Please solve the attached questions.

1)The adjusted trial balance of Pacific Scientific Corporation on December 31, 2018, the end of the company's fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,115; cost of goods sold, $1,270; selling expenses, $130; general and administrative expenses, $120; interest expense, $50; and gain on sale of investments, $70. Income tax expense has not yet been recorded. The income tax rate is 40%. Assume the company's accountant prepared a multiple-step income statement.

a.What amount would appear in that statement for operating income? Ignore EPS disclosures.

b.What amount would appear in that statement for nonoperating income? Ignore EPS disclosures.

(For all requirements, enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

2)The following are partial income statement account balances taken from the December 31, 2018, year-end trial balance of White and Sons, Inc.: restructuring costs, $330,000; interest revenue, $43,000; before-tax loss on discontinued operations, $430,000; and loss on sale of investments, $53,000. Income tax expense has not yet been recorded. The income tax rate is 40%.

Prepare the lower portion of the 2018 income statement beginning with $865,000 income from continuing operations before income taxes. Include appropriate EPS disclosures. The company had 150,000 shares of common stock outstanding throughout the year.(Amounts to be deducted should be indicated with a minus sign. Round "EPS" answers to 2 decimal places.)

3)On December 31, 2018, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $17 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $19 million. The loss from operations of the segment during 2018 was $3.30 million. Pretax income from continuing operations for the year totaled $6.10 million. The income tax rate is 40%.

Prepare the lower portion of the 2018 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures.(Amounts to be deducted and negative amounts should be indicated with a minus sign.Enter your answers in wholedollars.)

4)O'Reilly Beverage Company reported net income of $690,000 for 2018. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized holding gains on investment securities of $30,000.

Prepare separate statement of comprehensive income for 2018. The company's income tax rate is 40%.(Amounts to be deducted should be indicated with a minus sign.)

1) The adjusted trial balance of Pacific Scientific Corporation on December 31, 2018, the end of the company's fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,115; cost of goods sold, $1,270; selling expenses, $130; general and administrative expenses, $120; interest expense, $50; and gain on sale of investments, $70. Income tax expense has not yet been recorded. The income tax rate is 40%. Assume the company's accountant prepared a multiple-step income statement. a. What amount would appear in that statement for operating income? Ignore EPS disclosures. b. What amount would appear in that statement for nonoperating income? Ignore EPS disclosures. (For all requirements, enter your answers in millions (i.e., 10,000,000 should be entered as 10).) a. Operating income million b. Nonoperating income million 2) The following are partial income statement account balances taken from the December 31, 2018, year-end trial balance of White and Sons, Inc.: restructuring costs, $330,000; interest revenue, $43,000; before-tax loss on discontinued operations, $430,000; and loss on sale of investments, $53,000. Income tax expense has not yet been recorded. The income tax rate is 40%. Prepare the lower portion of the 2018 income statement beginning with $865,000 income from continuing operations before income taxes. Include appropriate EPS disclosures. The company had 150,000 shares of common stock outstanding throughout the year.(Amounts to be deducted should be indicated with a minus sign. Round "EPS" answers to 2 decimal places.) WHITE AND SONS, INC. Partial Income Statement For the Year Ended December 31, 2018 Income from continuing operations before income taxes Income tax expense Income from continuing operations Net income Earnings per share: Income from continuing operations Loss on discontinued operations Net income 3) 0 On December 31, 2018, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $17 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $19 million. The loss from operations of the segment during 2018 was $3.30 million. Pretax income from continuing operations for the year totaled $6.10 million. The income tax rate is 40%. Prepare the lower portion of the 2018 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars.) CALIFORNIA MICROTECH CORPORATION Partial Income Statement For the Year Ended December 31, 2018 Income from continuing operations before income taxes Income tax expense Income from continuing operations Discontinued operations: Loss from discontinued component Income tax benefit Loss on discontinued operations Net income 4) $0 0 O'Reilly Beverage Company reported net income of $690,000 for 2018. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized holding gains on investment securities of $30,000. Prepare a separate statement of comprehensive income for 2018. The company's income tax rate is 40%. (Amounts to be deducted should be indicated with a minus sign.) O'REILLY BEVERAGE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2018 Net income (loss) Other comprehensive income (loss): Deferred gain (loss) on derivatives, net of tax Unrealized gains (losses) on investment securities, net of tax Total other comprehensive income (loss) Comprehensive income (loss) $690,000 $(3,000) (3,000) 0