Ch 16 The following income statement does not reflect intraperiod tax allocation. 10 points INCOME STATEMENT For the Fiscal Year Ended March 31, 2018 ( in millions) Revenues $1,025 Cost of goods sold 428 597 (206) Gross profit eBook Print References Operating expenses Income tax expense Income before discontinued operations 279 Loss from discontinued operations, net of tax Net income S 168 The company's tax rate is 40%. Required Recast the income statement to reflect intraperiod tax allocation. (Loss amounts should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Income Statement For the fiscal year ended March 31, 2018 ($ in millions) Gross profit (loss) Mc Graw Hill Prev 16 of 16 Next 16 The company's tax rate is 40%. Required: Recast the income statement to reflect intraperiod tax allocation. (Loss amounts should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ints Income Statement For the fiscal year ended March 31, 2018 (S in millions) References Gross profit (loss) Operating expenses Income from continuing operations before income taxes Income before discontinued operations Net income (loss)