The preliminary 20 21 income statement of Alexian Systems, Inc. is presented below. ALEXIAN SYSTEMS, INC The statuent For the Year Ended December 31, 2021 (5 in millions, except earnings per share) Revenues and gains: Sales revenue Interest revenue 5 Other income 127 Total revenues and gains 5V9 Expenses: Cost of goods sold 246 Selling and administrative expense 151 Income tax expense Total expenses Net Income $ 129 $12.90 Earnings per there Additional information: 1. Selling and administrative expense includes $27 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 milion gain on disposal. The remaining 57 million is from the gain on sale of investments 3. Cost of goods sold was increased by $10 million to correct an error in the calculation of 2020's ending inventory. The amount is material 1 of 3 III Next > 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 is in millions except per share date Sales revenue Cost of goods sold Gross profit Operating expenses Seling and administrative expenses $ Restructuring costs 5 437.00 236.00 2010 12400 2700 15100 5000 Total operating expenses Operating income Other income Interest revenue Gain on sale of investment 500 7.00 1 of 3 !! Next > O search Restructuring costs 27.00 15100 5000 500 700 12.00 62 00 Total operating expenses Operating income Other Income Interest revenue Gain on sale of investment Total other income Income from continuing operations before income taxes Income tax expense Income from continuing operations Discontinued operations Income from operations of discontinued component Income tax expense Income on discontinued operations Net Income Earings per share income from continuing operations income on discontinued operations Net income 62.00 120 00 3000 90 00 Nerd