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The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: Additional information: 1. Selling and odministrative expense includes $26 million in restructuring costs.

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The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: Additional information: 1. Selling and odministrative 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 in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023 . The amount is material. Required: Prepare a revised income statement for 2024 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. Note: Enter your answers in millions except earnings per share. Round EPS answersio 2 decimal places

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