Brief Exercise $4-1($Algo$)$ Single$-$step income statement $[$LO$4-1]$

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, $$155$; interest expense, $$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 $10).$