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Part 1 (5 year ended December 31, 2018 (S in 000s): points): Rembrandt Paint Company had the following income statement items for the Net sales

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Part 1 (5 year ended December 31, 2018 (S in 000s): points): Rembrandt Paint Company had the following income statement items for the Net sales Interest income Interest expense Cost of goods sold Selling and administrative expenses Restructuring costs $18,000 200 350 $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. Income tax expense has not yet been recorded. The income tax rate is 30% on all items of income (loss). Required: Prepare a multiple-step income statement for 2018, excluding EPS disclosures

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