P $4-4$

Restructuring

costs;

discontinued

operations;

accounting error

LO$4-3,$ LO$4-4,$ LO$4-5$

P $4-5$

Income statement presentation; restructuring costs; discontinued

operations;

accounting error

LO$4-1,$ LO$4-3,$ LO$4-4,$ LO$4-5$

The preliminary $2024$ income statement of Alexian Systems, Inc., is presented below:

ALEXIAN SYSTEMS, INC.

Income Statement

For the Year Ended December $31,2024$

$($ $ in millions, except earnings per share$)$

Revenues and gains:

Sales revenue

Interest revenue

Other income

Total revenues and gains

Expenses:

Cost of goods sold

Selling and administrative expense

Income tax expense

Total expenses

Net Income

Earnings per share

Additional Information:

$\backslash$table$[[$$$425$