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The adjusted trial balance of Pacific Scientific Corporation on December 31, 2018, the end of the company's fiscal year, contair following income statement items ($
The adjusted trial balance of Pacific Scientific Corporation on December 31, 2018, the end of the company's fiscal year, contair following income statement items ($ in millions): sales revenue, $2,106; cost of goods sold, $1,240; selling expenses, $126; gen administrative expenses, $105; interest expense, $35; and gain on sale of investments, $45. Income tax expense has not yet recorded. The income tax rate is 40% Prepare a multiple-step income statement for 2018. Ignore EPS disclosures. (Amounts to be deducted should be indicated w minus sign. Enter your answers in millions (ie, 10,000,000 should be entered as 10).) PACIFIC SCIENTIFIC CORPORATION Income Statement For the Year Ended December 31, 2018
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