Problem 4-5 (Algo) Income statement presentation; Restructuring costs; Discontinued operations; Accounting error [LO4-1, 4-3, 4-4, 4-5]

The preliminary 2021 income statement of Alexian Systems, Inc., is presented below:

ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions, except earnings per share)
Revenues and gains:
Sales revenue	$	490
Interest revenue		14
Other income		136
Total revenues and gains		640
Expenses:
Cost of goods sold		280
Selling and administrative expense		164
Income tax expense		49
Total expenses		493
Net Income	$	147
Earnings per share	$	14.70

Additional information:

1. Selling and administrative expense includes $36 million in restructuring costs.
2. Included in other income is $130 million in income from a discontinued operation. This consists of $90 million in operating income and a $40 million gain on disposal. The remaining $6 million is from the gain on sale of investments.
3. Cost of Goods Sold in 2021 was increased by $10 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.)