Problem:
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, $2,180; cost of goods sold, $1,400; selling expenses, $195; general and administrative expenses, $185; interest expense, $60; and gain on sale of investments, $140. Income tax expense has not yet been accrued. The income tax rate is 30%. Assume the company's accountant prepared a multiple-step income statement.
Required:
Question 1: What amount would appear in that statement for nonoperating income?
Question 2: What amount would appear in that statement for operating income?
Note: Please show guided help with steps and answer.