Following is the income statement of CBS Corporation, along with an excerpt from its MD\&A section.

Required

Identify and explain any income statement line items over the past three years that you believe should be considered for potential adjustment in preparation for forecasting the income statement of CBS.

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Income Statement Year ended December 31 ($ millions) Revenues. Expenses Operating. Selling, general and administrative.. Impairment charges... Depreciation and amortization Total expenses Operating income (loss). ******* 2005 $14,536.4 8,671.8 2,699.4 9,484.4 498.7 21,354.3 $ (6,817.9) 2004 $14,547.3 8,643.6 2,552.5 17,997.1 508.6 29,701.8 $(15,154.5) 2003 $13,554.5 8,165.4 2,376.1 501.7 11,043.2 $2,511.3