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 gains:Sales revenue$562Interest revenue22Other income120Total revenues and gains704Expenses:Cost of goods sold289Selling and administrative expense183Income tax expense58Total expenses530Net Income$174Earnings per share$17.40

Additional information:

1. Selling and administrative expense includes $45 million in restructuring costs.
2. Included in other income is $115 million in income from a discontinued operation. This consists of $90 million in operating income and a $25 million gain on disposal. The remaining $5 million is from the gain on sale of investments.
3. Cost of goods sold was increased by $5 million to correct an error in the calculation of 2020's ending inventory. The amount is material.

Required:

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 StatementFor the Year Ended December 31, 2021($ in millions except per share date)

Gross profit

Operating expenses:

Total operating expenses

Operating income

Other income:

Total other income

Income from continuing operations before income taxes

Income from continuing operations

Discontinued operations:

Income on discontinued operations

Net income

Earnings per share:

Net income