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Rembrandt Paint Company had the following income statement items for the year ended December 31 ($ in 000s) Net sales $18,000 Interest income 200 Interest
Rembrandt Paint Company had the following income statement items for the year ended December 31 ($ in 000s)
Net sales | $18,000 | ||
Interest income | 200 | ||
Interest expense | 350 | ||
Cost of goods sold | 10,500 | ||
Selling and administrative expenses | 2,500 | ||
Restructuring costs | 800 | ||
Loss from operations on plastics business | $1,600,000 | ||
Gain on disposal of component's assets | $2,000,000 | ||
Shares of common stock outstanding in 2016 | 500,000 | ||
Income tax rate | 30% |
prepare a multiple stem income statement, including EPS disclosures.
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