The preliminary 2018 income statement of Alexian Systems, Inc., is presented below ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2018 (S in millions, except earnings per share) Revenues and gains: Net sales Interest $ 435 13 Other income Total revenues and gains 136 584 Expenses: Cost of goods sold selling and administrative 280 164 Tncome taxes 42 Total expenses 486 S 98 Net Income Earnings per share $3.50 18E3 Additional informetion: 1 Selling and administretive expenses include $36 million in restructuring costs 2 Included in other income is $130 million in income from a discontinued operation. This consists of $90 million in operating income and a $40 milion gain on disposal. The remaining $6 million is from the galn on sale of Investments 3 Cost of qoods sold was increased by $10 millon to correct an error in the calculation of 2017's ending Inventory The amount is ,7 i Saved Income Statement For the Year Ended December 31, 2018 ($ in millions except per share date) Net sales revenue 435 Cost of goods sold 270 Gross profit 165 Operating expenses: 128 Selling and administrative $ 36 Restructuring costs Total operating expenses 164 Operating income 1 Other income: Interest receivable 13 Gain on sale of investment Total other income 19 Income from continuing operations before income taxes 20 Income tax expense (6) Income from continuing operations 14 IDiscontinued operations: A Saved 164 Total operating expenses Operating income Other income: 1 Interest receivable 13 Gain on sale of investment Total other income 19 Income from continuing operations before income taxes Income tax expense Income from continuing operations Discontinued operations Income from operations of discontinued component 20 (6) 1:42 14 130 Income tax expense (39) Net income 91 Net income Earnings per share: Income from continuing operations Income from discontinued operations Net income