The preliminary 2021 income statement of Alexian Systems, Inc., is presented below:

Additional information:

1. Selling and administrative expense includes $38 million in restructuring costs.
2. Included in other income is $132 million in income from a discontinued operation. This consists of $90 million in operating income and a $42 million gain on disposal. The remaining $6 million is from the gain on sale of investments.
3. Cost of goods sold was increased by $4 million to correct an error in the calculation of 2020s ending inventory. The amount is material.

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 ($ in millions, except earnings per share) Revenues and gains: Sales revenue $ 509 Interest revenue 16 Other income 138 Total revenues and gains 663 Expenses: Cost of goods sold 282 Selling and administrative expense 177 Income tax expense 51 Total expenses 510 Net Income $ 153 Earnings per share $15.30 ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions except per share date) Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative expenses Restructuring costs 0.00 0.00 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 0.00 0.00 0.00 0.00 Net income