Rembrandt Paint Company had the following income statement items for the year ended December 31, 2016 ($ in 000s): Net sales $ 18,000 Interest Income $33,000 Cost of goods sold 350 Selling and administrative expenses 650 Restructuring costs 4,000 Interest expense 2,300 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.1 million and a gain on disposal of the component's assets of $5.0 million. 600,000 shares of common stock were outstanding throughout 2016. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income (loss). Required: Prepare a multiple-step income statement for 2016, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places.) REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2016 ($ in thousands, except per share amounts) Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative Restructuring costs Interest expense Operating income 33.000 (18,000) 15,000 $ (4.000) (2.300) 350 2,650 (3.300) 11,700 11.700 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 ($ in thousands, except per share amounts) 33,000 (18,000) 15,000 Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative Restructuring costs Interest expense Operating income $ (4,000) (2,300) 350 2,650 (3.300) 11.700 11.700 11,700 11.700 Earnings per share