The adjusted trial balance of Pacific Scientific Corporation on December 31, 2018, the end of the companys fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,150; cost of goods sold, $1,340; selling expenses, $165; general and administrative expenses, $155; interest expense, $30; and gain on sale of investments, $70. Income tax expense has not yet been recorded. The income tax rate is 30%. Prepare a multiple-step income statement for 2018. Ignore EPS disclosures. (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).)

Income Statement
For the Year Ended December 31, 2018
Accounts payable Accounts receivable Accumulated depreciation Advertising expense Allowance for uncollectible accounts Bad debt Buildings Cash Common stock Cost of goods sold Deferred revenue Depreciation expense Equipment Furniture and fixtures Gain on sale of investments General and administrative expenses Income summary Income tax expense Insurance expense Interest expense Interest payable Interest receivable Inventories Land Maintenance expense Miscellaneous expense Note receivable Notes payable Prepaid advertising Prepaid insurance Prepaid rent Rent expense Rental revenue Retained earnings Salaries and wages expense Salaries and wages payable Sales revenue Selling expenses Service revenue Supplies Supplies expense Utilities expense Utilities payable
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