The adjusted trial balance of Pacific Scientific Corporation on December 31, 2016, the end of the companys fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,180; cost of goods sold, $1,400; selling expenses, $195; general and administrative expenses, $185; interest expense, $60; and gain on sale of investments, $140. Income tax expense has not yet been recorded. The income tax rate is 30%.

Prepare a single-step income statement for 2016. Ignore EPS disclosures. (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, 2016
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