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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 gain Sales revenue $ 430 Interest revenue Other income 129 Total revenues and gains 566 Expenses : Cost of goods sold 248 Selling and administrative 150 expense Income tax expense 42 Total expenses 440 Net Income $ 126 Earnings per share 12. 60 Additional information: 1. Selling and administrative expense includes $29 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 $9 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023. The amount is material. Required: Prepare a revised income statement for 2024 reflecting the additional facts. Use a multiple-step format. Assume that an income tax rate of 25% applies to all income statement items, and that 10 million shares of common stock were outstanding throughout the year. Note: Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places. ALEXIAN SYSTEMS, INCORPORATED Income Statement For the Year Ended December 31, 2024 ($ in millions except per share data) Sales revenue $ 430.00 Cost of goods sold 238.00 Gross profit 192.00 Operating expenses: Selling and administrative expense $ 121.00 Restructuring costs 29.00 Total operating expenses 150.00 Operating income 42.00 Other income: Interest revenue 7.00 Gain on sale of investments 9.00 Total other income 16.00 Income from continuing operations before income taxes 58.00 income tax expense 14.50 Income from continuing operations 43.50 Discontinued operations: Income from operations of discontinued component 120.00 Income tax expense 30.00 Income on discontinued operations 90.00 Net income Earnings per share: income from continuing operations Discontinued operations Net income