y The preliminary 20 21 income statement of Alexian Systems, Inc., is presented below. ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 (5 in millions except earnings per share) Revenues and gains: Sales revenue $ 515 Interest revenue 18 Other income 140 Total revenues and gains 673 Expenses: Cost of goods sold 272 Selling and administrative expense 189 Income tax expense 53 Total expenses 514 Net Income $ 159 $15.90 Earnings per share Additional information: 1. Selling and administrative expense includes $40 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 $8 million is from the gain on sale of investments 3. Cost of Goods Sold in 2021 was increased by S4 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 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 is in millions except per share date) 268.00 247,00 Cost of goods sold Gross profit Operating expenses Selling and administrative expenses Restructuring costs $ 149 00 40.00 189.00 58.00 Total operating expenses Operating income Other income Interest revenue Gain on sale of investment 18.00 800 BE Total operating expenses Operating income Other income 189.00 58.00 Interest revenue 18 00 8.00 26.00 84.00 A 84.00 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 Net income Earnings per share Income from continuing operations Income on discontinued operations Net income 0.00 $ 7.40 10.10 $ 17.50