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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2018 ($ in 000s): Net sales Interest income Interest expense
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2018 ($ in 000s): Net sales Interest income Interest expense $35,000 Cost of goods sold 370 Selling and administrative expenses 690 Restructuring costs $19,000 4,200 2,500 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.3 million and a gain on disposal of the component's assets of $5.4 million. 700,000 shares of common stock were outstanding throughout 2018, income tax expense has not yet been recorded. The income tax rate is 30% on all items of income (loss). Required: Prepare a multiple-step income statement for 2018, including EPS disclosures. (Any amounts to be deducted, including expenses, should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places.) REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2018 ($ in thousands, except per share amounts) 0) 0 0) 0) 0) Earnings per share
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