Problem 4-5 Income statement presentation: Restructuring costs: Discontinued operations; Accounting error (L04-1, 4-3, 4-4, 4-5) The preliminary 2018 income statement of Alexian Systems, Inc. is presented below ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2018 ( sin millions, except earnings per share) Revenues and gains: Net sales $ 432 Interest 10 Other income Total revenues and gains Expenses: Cost of goods sold Selling and administrative Income taxes Total expenses Net Income Earnings per share Additional Information: 1 Selling and administrative expenses include $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 S13 million is from the gain on sale of investments 3. Cost of goods sold was increased by $10 million to correct an error in the calculation of 2017's ending inventory. The amount is material Required: Prepare a revised income statement for 2018 reflecting the additional facts. Use a multiple-step format Assume that an income tax rate of 30% applies to all income statement items, and that 28 million shares of common stock were outstanding throughout the year (Enter your answers in millions except earnings per share. Round EPS answers to 2 decimal places.)