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The preliminary 2018 income statement of Alexian Systems, Inc. is presented below 13 he Year Ended December 31, 2018 4.16 points Revenues and gains: 432

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The preliminary 2018 income statement of Alexian Systems, Inc. is presented below 13 he Year Ended December 31, 2018 4.16 points Revenues and gains: 432 10 133 575 Net sales Interest Other income Print Total revenues and gains Cost of goods sold Income taxes Expenses: 277 Seiling and administrative158 42 Total expenses Net Income 6 98 Earnings per share 3.50 Addltlonal Information: 1. Selling and administrative expenses include $33 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 million gain on disposal. The remaining $13 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 2017's ending inventory. The amount is material. Required: Prepare a revised income statement for 2018 reflecting the additional facts. Use a multiple-step format. Assume that an income tax rate of 30% applies to all income statement items, and that 28 million shares of co mon stock were outstanding throughout the year. Enter your answers In millions except eornings per share. Round EPS answers to 2 declmal places.) ALEXIAN SYSTEMS ING ?Prev 13 of 24111 Next >

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