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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2018 ($ in 000s 14 Net sales $34,000 Cost of

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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2018 ($ in 000s 14 Net sales $34,000 Cost of goods sold $18,500 4,100 2, 400 Selling and administrative expenses 4.16 points Interest expense 670 Restructuring costs 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 Print throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income (loss). Required: Prepare a multiple-step income statement for 2018. 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 Income Statement For the Year Ended December 31, 2018 except per Next> ?Prer 14 of 24

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