ALEXIAN SYSTEMS, INC. Income Statement

The preliminary 2013 income statement of Alexian Systems, Inc., is presented below:ALEXIAN SYSTEMS, INC.Income StatementFor the Year Ended December 31, 2013($ in millions, except earnings per share) Revenues and gains: Net sales$490 Interest21 Other income119 Total revenues and gains630 Expenses: Cost of goods sold288 Selling and administrative202 Income taxes42 Total expenses532 Net Income$98 Earnings per share$3.50Additional information:1.Selling and administrative expenses include $44 million in restructuring costs.2.Included in other income is an extraordinary gain of $110 million. The remaining $9 million is from the gain on sale of investments.3.Cost of goods sold was increased by $4 million to correct an error in the calculation of 2012Ac€?cs ending inventory. The amount is material.Required:Prepare a revised income statement for 2013 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.)