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The adjusted trial balance of Pacific Scientific Corporation on December 31,2024 , the enid of the companys fiscal year, contained the following income statement items

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The adjusted trial balance of Pacific Scientific Corporation on December 31,2024 , the enid of the companys fiscal year, contained the following income statement items ( $ in millions); sales revenue, $2,105; cost of goods sold, $1,250; selling expense, $120; general and administrative expense, $110; interest expense, $35; and gain on sale of investments, $50. income tax expgnse 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)

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