Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands): Sales revenue $ 23,000 Cost of goods sold $ 13,000 Interest revenue 200 Selling and administrative expense 3,000 Interest expense 400 Restructuring costs 1,300 In addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $2.1 million and a gain on disposal of the components assets of $3 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.

REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2024 ( $ in thousands, except per share amounts) Sales revenue Cost of goods sold Gross profit Operating expenses