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The preliminary 2021 income statement of Alexian Systems, Inc. ALEXIAN STOTER, THC For the Year Ended December 31, 2021 Revenues and gains: sales revenue Interest revenue Other income Total revenues and gains Cost of goods sold Selling and admini In tax expense Total expenses Net the Earnings per share Additional information: 1. Selling and administrative expense includes $32 million in restructuring costs. 2. Included in other income is $125 million in income from a discontinued operation. This consists of $90 million in operating income and a $35 million gain on disposal. The remaining $7 million is from the gain on sale of investments 3. Cost of goods sold was increased by 5 million to correct an error in the calculation of 2020's ending inventory. The amount material Required: Prepare a revised income statement for 2021 reflecting the additional facts. Use a multiple-step format. Assume that an income tax rate of 25% applies to all income statement items, and that 10 million shares of common stock were outstanding throughout the year (Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places.) ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 (5 in millions except per share date) Gross pro Operating expenses Total operating expenses Operating income Other income Total other income Income from continuing operations before income taxes Income from continuing operations Discontinued operations Additional information: 1. Selling and administrative expense includes $32 million in restructuring costs 2. Included in other income is $125 million in income from a discontinued operation. This consists of 590 million in operating income and a $35 million gain on disposal. The remaining $7 million is from the gain on sale of investments 3. Cost of goods sold was increased by $5 million to correct an error in the calculation of 2020's ending inventory. The amount is material Required: Prepare a revised Income statement for 2021 reflecting the additional facts. Use a multiple-step format. Assume that an income tax rate of 25% applies to all income statement items, and that 10 million shares of common stock were outstanding throughout the year. (Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places.) ALEXIAN SYSTEMS, INC. Income Statement Ended December 31, 2021 NTT Gross profit Operating expenses: 0.00 Total operating expenses Operating income Other income: Total other income Income from continuing operations before income taxes Income from continuing operations Discontinued operations: 88 TL Income on discontinued operations Net Income Earnings per share: Net income