Exercise 16-33 (Algo) Intraperiod tax allocation [LO16-10] The following income statement does not reflect intraperiod tax allocation. INCOME STATEMENT For the Fiscal Year Ended March 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses Income tax expense ($ in millions) Income before discontinued operations Loss from discontinued operations Net income $ 822 (356) 466 (182) (49) 235 (88) $ 147 The company's tax rate is 25%. Required: Recast the income statement to reflect intraperiod tax allocation. (Loss amounts should be indicated with a minus sign. Enter your answers in millions (i.e., 5,500,000 should be entered as 5.5).)