Rembrandt Paint Company had the following income statement items for the year ended December 31, 2016 ($ in 000s): 4 96/22 ints arded 38,000 Cost of goods sold $20,500 Net sales 400 Selling and administrative expenses Interest income 4,500 Scored Interest 750 Restructuring costs 2,800 expense In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.6 million and a gain on disposal of the component's assets of $6.0 million. 600,000 shares of common stock were outstanding throughout 2016. Income tax expense has not yet been recorded. The income tax rate is 40 % on all items of income (oss) Required: Prepare a multiple-step income statement for 2016, 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.) REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2016 (S in thousands, except per share amounts) Sales revenue IS 38.000 (20,500) 17,500 Cost of goods sold Gross profit Operating expenses Selling and administrative Restructuring costs S (4.5001 (2,800) (7,300) 10,200 (350) X) Operating income Interest income (expense), net Income from continuing operations before income taxes 9.850 Income tax expense 3,940X Income from continuing operations Discontinued operations Income from operations of discontinued component Income tax expense Income on discontinued operations 5,910 800 (3201 480 Net income Eamings per share: Income from continuing operations Income on discontinued operations 6,390 0.800 9.05% Net income s 9.85X Red text indicates no response was expected in a cell or a formula-based calculation is incorrect: no points deducted