10 10 7.14 points Problem 4-5 (Algo) Income statement presentation; restructuring costs; discontinued operations; accounting error [LO4-1, 4-3, 4-4, 4-5] The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: ALEXIAN SYSTEMS, INCORPORATED Income Statement For the Year Ended December 31, 2024 ($ in millions, except earnings per share) Revenues and gains: Sales revenue $ 450 Interest revenue 11 eBook Other income 133 Total revenues and gains 594 Expenses: Cost of goods sold. 252 Print Selling and administrative expense 158 Income tax expense 46 Total expenses 456 Net Income $ 138 References Earnings per share Additional information: $ 13.80 1. Selling and administrative expense includes $33 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 $13 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 10 million shares of common stock were outstanding throughout the year. Note: Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places.