The adjusted trial balance of Pacific Scientific Corporation on December 31, 2024, the end of the company's fiscal year, contained the following income statement items, (\$ in millions): sales revenue, \$2,160; cost of goods sold, \$1,340; selling expense, \$165; general and administrative expense, $155; intcrest expense, $30; and gain on sale of investments, $70. Income tax expense has not yet been recorded, The income tax rate is 25%. Prepare a single-step income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). PACIFIC SCIENTIFIC CORPORATION Income Statement For the Year Eefjed December 31, 2024 \begin{tabular}{|l|l|l|} \hline Revenues and gains: \\ \hline Total revenues and gains & & \\ \hline & & \\ \hline & & \\ \hline Total expenses and losses: & & \\ \hline Income before income taxes & & \\ \hline Net income & & \\ \hline \end{tabular}