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Problem 4-6 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

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Problem 4-6 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, 2018 ($ in 000s) Net sales $19,000 Cost of goods sold 210 Selling and administrative expenses $11,e00 2,600 Interest income Interest expense 370 Restructuring costs 900 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $1.7 million and a gain on disposal of the component's assets of $2.2 million. 400,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40 % on all tems of income (loss). Required: Prepare a multiple-step income statement for 2018, including EPS disclosures. (Any amounts to be deducted, including expenses should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places.)

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