Security-Rand Corporation determines executive incentive compensation at the end of its fiscal year. At the end of the first quarter, management estimated that the amount will be $348 million. Depreciation expense for the year is expected to be $108 million. Also during the quarter, the company realized a gain of $35 million from selling two of its manufacturing plants.

Required: What amounts for these items should be reported in the first quarter's income statement? (Enter your answers in millions.)

Incentive compensation Depreciation expense Gain on sale million million million