Trial balance of pacific scientific corporation

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Reference no: EM13792371

The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, 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 expenses, $126; general and administrative expenses, $105; interest expense, $35; and gain on sale of investments, $45. Income tax expense has not yet been accrued. The income tax rate is 40%.

Prepare a single-step income statement for 2013. Ignore EPS disclosures. (Enter your answers in millions, i.e., 5,500,000 should be entered as 5.5)

Reference no: EM13792371

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Trial balance of pacific scientific corporation : The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, 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 expens..

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