Nagy Corporation reported the following income statement in 20X1, along with a comparable income statement for 20x0, its first year of operations: Income Statement, 20X1 and 20x0 ($ in millions) Sales Cost of goods sold Depreciation expense Interest expense Fixed asset impairment Other operating expenses Loss before income tax benefit Income tax benefit 20x1 $ 350 (188) (40) (25) (30) (99) (32) 7 20x0 $ 280 (170) (38) (22) (92) (42) 9 Net income $ (25) $ (33) In its Form 10-K, Nagy also provided a non-GAAP metric, earnings before depreciation and one-time charges, which was a pre-tax earnings measure that excluded depreciation expense and the one-time fixed-asset impairment charge in 20X1. Nagy reported that its earnings before depreciation and one-time charges was $38 million in 20x1 versus a $4 million loss in 20X1. Required: Provide the reconciliation (for both 20X1 and 20x0) to the nearest GAAP counterpart that Nagy must include with its non-GAAP metric. (Enter your answers in million. Amounts to be deducted should be indicated by a minus sign.) Required: Provide the reconciliation (for both 20X1 and 20X0) to the nearest GAAP counterpart that Nagy must include with its non-GA (Enter your answers in million. Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct. 20X1 20X0 ($ in millions) Loss before taxes $ (32) $ (42) Adjustments: Income tax benefit (7) X (9) 40 38 Depreciation expense Fixed asset impairment Earnings (loss) before depreciation and one-time charges 30 0 $ 31 (13)