Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands):

Sales revenue ............................................$18,000
Interest revenue ...............................................100
Interest expense ...............................................300
Cost of goods sold .......................................10,500
Selling and administrative expense ............2,500
Restructuring costs ..........................................800

In addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $1.6 million and a gain on disposal of the component’s assets of $2 million. There were 500,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss).

Required:
Prepare a multiple-step income statement for 2021, including EPS disclosures. Use a multiple-step format similar to Illustration 4–4 of this chapter to prepare income from continuing operations, and then add to this the discontinued operations portion of the income statement.