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The preliminary 2021 income statement of Alexion Systems, Inc., is presented below. ALEXTAN SYSTEMS, INC. Income statement For the Year Ended December 31, 2021 (5

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The preliminary 2021 income statement of Alexion Systems, Inc., is presented below. ALEXTAN SYSTEMS, INC. Income statement For the Year Ended December 31, 2021 (5 in millions, except earnings per share) Revenges and gains! Sales revenue Interest revenue Other income Total revenues and gains Expenses Cost of goods sold Selling and administrative expense Income tax expense Total expenses Net Income Earnings per share Additional information: 1. Selling and administrative expense includes $26 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 $6 million is from the gain on sale of investments. 3. Cost of goods sold was increased by $40 million to correct an error in the calculation of 2020's 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 20 million shares of common stock were outstanding throughout the year. (Enter your answers in millions except earnings per share. Round EPS answers to 2 decimal places.) ALEXIAN SYSTEMS, INC

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