Additional information:\ Selling and administrative expense includes

$27

million in restructuring costs.\ Included in other income is

$120

million in income from a discontinued operation. This consists of

$90

income and a

$30

million gain on disposal. The remaining

$7

million is from the gain on sale of investm\ Cost of Goods Sold in 2024 includes an increase of

$10

million to correct an understatement of Cost of amount is material.\ Required:\ Prepare a revised income statement for 2024 reflecting the additional facts. Use a multiple-step format. Assur rate of

25%

applies to all income statement items, and that 10 million shares of common stock were outstandir Note: Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places\ \\\\table[[ALEXIAN SYSTEMS, INCORPORATED],[Income Statement],[For the Year Ended December 31, 2024],[($ in millions except per share data)],[Sales revenue,,,

$

,437.00],[Cost of goods sold,,,,236.00],[Gross profit,

\\\\xi

,,201.00 :],[Operating expenses:,,],[Selling and administrative expense,

$

,151.00,,],[Restructuring costs,,27.00,,],[,,,,]]\ 3 of 3\ Next

Additional information: 1. Selling and administrative expense includes $27 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 income and a $30 million gain on disposal. The remaining $7 million is from the gain on sale of investm 3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of amount is material. Required: Prepare a revised income statement for 2024 reflecting the additional facts. Use a multiple-step format. Assur rate of 25% applies to all income statement items, and that 10 million shares of common stock were outstandi Note: Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places