The preliminary 2013 income statement of Alexian Systems, Inc., is presented below:

ALEXIAN SYSTEMS, INC.Income Statement
For the Year Ended December 31, 2013
($ in millions, except earnings per share)Revenues and gains:
Net sales .......... $ 425
Interest ......... 3
Other income....... . 126
Total revenues and gains .... 554
Expenses:
Cost of goods sold..... . 270
Selling and administrative .....154
Income taxes ....... 52
Total expenses ....... 476
Net Income ....... $ 78
Earnings per share ....... $3.90

Additional Information:
1. Selling and administrative expenses include $26 million in restructuring costs.
2. Included in other income is an extraordinary gain of $120 million. The remaining $6 million is from the gain on sale of investments.
3. Cost of goods sold was increased by $5 million to correct an error in the calculation of 2012s ending inventory.
The amount is material.

Required:
For each of the three additional facts listed above, discuss the appropriate presentation of the item described. Do not prepare a revised statement.