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Rembrandt Paint Company had the following income statement items for the year ended December 31,2018 ($ in 000s): $ 30,000 Cost of goods sold income

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Rembrandt Paint Company had the following income statement items for the year ended December 31,2018 ($ in 000s): $ 30,000 Cost of goods sold income $16,500 320 Selling and administfrative expenses3,7 590 Restructuring costs 2,000 during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.8 In addition, million and a gain on disposal of the component's assets of $4.4 million. 600,000 shares of common stock were outstandi throughout 2018 income tax expense has not yet been recorded. The income tax rate is 40% on all items ng 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.) REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31,2018 (S in thousands, except per share amounts) ost of goods sold Gross profit ng expenses Restructuring costs 3,700,000 (3,700,000)

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