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, $2,185; cost of goods sold, $1,410; selling expenses, $200; general and administrative expenses, $190; interest expense, $60; and gain on sale of investments, $155. Income tax expense has not yet been recorded. The income tax rate is 35%. Assume the companys accountant prepared a multiple-step income statement. a. What amount would appear in that statement for operating income? Ignore EPS disclosures. b. What amount would appear in that statement for nonoperating income? Ignore EPS disclosures. (For all requirements, enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

a.	Operating income		million
b.	Nonoperating income		million

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, $2,125; cost of goods sold, $1,290; selling expenses, $140; general and administrative expenses, $130; interest expense, $55; and gain on sale of investments, $70. Income tax expense has not yet been recorded. The income tax rate is 35%. 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).)

PACIFIC SCIENTIFIC CORPORATION
Income Statement
For the Year Ended December 31, 2018
		0
		0
		0
		0
		0

The following is a partial year-end adjusted trial balance.

Account Title	Debits	Credits
Sales revenue		430,000
Loss on sale of investments	48,000
Interest revenue		5,000
Cost of goods sold	225,000
General and administrative expenses	53,000
Restructuring costs	63,000
Selling expenses	31,500
Income tax expense	0

Income tax expense has not yet been recorded. The income tax rate is 40%. a. Determine the operating income (loss). b. Determine the income (loss) before income taxes. c. Determine the net income (loss).

a.	Operating income (loss)
b.	Income (loss) before income taxes
c.	Net income (loss)