Problem 4-5 (Algo) Income statement presentation; Restructuring costs; Discontinued operations; Accounting error (L04-1, 4-3, 4-4, 4-5) The preliminary 2021 income statement of Alexian Systems, Inc., is presented below: ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions, except earnings per share) Revenues and gainst Sales revenue $ 578 Interest revenue 21 Other income 119 Total revenues and gains 718 Expenses Cost of goods sold 288 Selling and administrative expenso 202 Income tax expense Total expenses 547 Net Income $ 171 Earnings per share $17.10 Additional Information: 1. Selling and administrative expense includes $44 million in restructuring costs. 2. Included in other income is $110 million in income from a discontinued operation. This consists of $90 million in operating income and a $20 million gain on disposal. The remaining $9 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2021 was increased by $10 million to correct an error in the calculation of 2020's ending inventory. The amount is material. Required: Prepare a revised income statement for 2021 reflecting the additional facts. Use a multiple-step format. Assume that an income tax rate of 25% applies to all income statement items, and that 10 million shares of common stock were outstanding throughout the year. (Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places.) ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions except per share date) Gross profit Operating expenses: es Total operating expenses Operating income Other income: 0.00 0.00 Total other income Income from continuing operations before income taxes 0.00 0.00 Income from continuing operations 0.00 0.00 Income from continuing operations before income taxes 0.00 Income from continuing operations Discontinued operations: 0.00 + 0.00 Income on discontinued operations Net income Earnings per share: Net income