Check my work Problem 4-6 (Static) Income statement presentation; discontinued operations; EPS [LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands): Sales revenue $ 18,000 Cost of goods sold Interest revenue. Interest expense 100 300 Selling and administrative expense Restructuring costs $ 10,500 2,500 800 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 2024. 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 2024, including EPS disclosures. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places. REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2024 (S in thousands, except per share amounts) Gross profit Operating expenses Operating expenses: Operating income Other income (expense): Other income, net + Income from continuing operations before income taxes Income from continuing operations Discontinued operations: Income on discontinued operations Net income Earnings per share: Net income $ 0 0 0 0 0 0