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, $$2,106$; cost of goods sold, $$1,240$; selling expense, $$126$; general and administrative expense, $$105$; interest expense, $$40$; and gain on sale of investments, $$45.$ Income tax expense has not yet been recorded. The income tax rate is $25\%.$

Using the account balances, prepare a single$-$step income statement. An example of a single$-$step income statement can be found in Illustration $4-3$ of this chapter.