Problem 4-6 (Algo) 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, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $34,000 420 620 Cost of goods sold Selling and administrative expense Restructuring costs $18,500 4,100 2,400 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.2 million and a gain on disposal of the component's assets of $5.2 million. 600,000 shares of common stock were outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss). Required: Prepare a multiple-step income statement for 2021, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places.) Answer is not complete. REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands, except per share amounts) Sales revenue Interest revenue Gross profit Operating expenses: Operating income Other income (expense): 34,000 420 34,420 0 34,420 Other income, net 0 Income from continuing operations before income taxes 34,420 Income from continuing operations 34,420 Discontinued operations: Income on discontinued operations Net income Earnings per share: Net income 0 $ 34,420