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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

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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 34,000Cost of goods sold 360 Selling and administrative expenses 670 Restructuring costs $18,500 4,100 2,400 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 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.) REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2018 (S in thousands, except per share amounts) You are reviewing O'Brian Co's adjusted trial balance for the year ended 12/31/18. You notice several omissions and incorrect items during your review, One of which is noted below. You are required to determine what effect, if any, the below items would have on the stated components of O'Brian Co.'s 2018 Income Statement and 12/31/18 Balance Sheet if it is not corrected or updated. Assume no income taxes. 12/31/18 12/31/18 Cash dividends declared and paid on December 15, 2018, were not recorded

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