Rembrandt Paint Company had the following income statement items for the year ended December 31, 2016 ($ in 000s): $ 13,000 Net sales $23,000 Cost of goods sold Interest income 250 Selling and administrative expenses Interest expense 450 Restructuring costs 3,000 1.300 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.1 million and a gain on disposal of the component's assets of $3.0 million. 500,000 shares of common stock were outstanding throughout 2016. 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 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 (S in thousands, except per share amounts) Sales relence Cost of goods sold Gross profis Operating perses 23.000 18.000 10.000 REBRARDTPAINT COMPANY Income Statenent For the Year Ended December 31, 2016 (5 in thousands, except per share amounts) IS 23,000 13,000 x Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative Restructuring costs 10.000 OOOOO Is (3.000) (1.300) $ X (4,300) 5.700 (450) 250 X 5.500 (1.650) 9.850 Total operating expenses Other expense Interest expense Interest revenue Income from continuing operations before income taxes Income tax expense Income from continuing operations Discontinued operations Income from operations of discontinued component Income tax expense Income on discontinued operations Net income Earnings per share Income from continuing operations Income on discontinued operations Net income tant 900 270 x 1170 3:020 S 7150 x 0.01% SIS S 18.00