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:

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.)

pply: Homework [due day 7] Saved The preliminary 2021 income statement of Alexian Systems, Inc., is presented ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions, except earnings per share) Revenues and gains : Sales revenue $ 562 Interest revenue 22 Other income 120 Total revenues and gains 704 Expenses : Cost of goods sold 289 Selling and administrative expense 183 Income tax expense 58 Total expenses 530 Net Income $ 174 Earnings per share $17.40 Additional information:X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Homework [due day 7] i Saved ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions except per share date) Gross profit Operating expenses Total operating expenses 0.00 Operating income 0.00 Other income: Total other income 0.00 Income from continuing operations before income taxes 0.00 Income from continuing operations 0.00 Discontinued operations 1 of 4 Next arch OX ://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0& nework [due day 7] Saved Total operating expenses 0.0 Operating income 0.00 Other income: Total other income 0.00 Income from continuing operations before income taxes 0.00 Income from continuing operations 0.00 Discontinued operations. Income on discontinued operations 0.00 Net income Earnings per share: Net income Ne