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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands); Sales revenue Interest revenue Interest expense

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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands); Sales revenue Interest revenue Interest expense $ 28,000 300 500 Cost of soods sold Selling and administrative expense Restructuring costs $15.500 3,500 1,880 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $26 million and a gain on disposal of the component's assets of $4 million. 700,000 shares of common stock were outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of Income (oss), Required: Prepare a multiple step income statement for 2021. Including EPS disclosures (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per shore. Round EPS answers to 2 decimal places.) $ REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2021 (5 in thousands, except per share amounts) Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative expenses is Restructuring costs 28 000 15,500 12.500 3.500 1 800 5,300 7.200 Operating income Tur Tear cu voce DEKULE (s in thousands, except per share amounts) Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative expenses Restructuring costs 28,000 15,500 12,500 3,500 1,800 5,300 7 200 (500) 300 (200) 7.000 7.000 Operating income Other income (expense) Interest expense Interest revenue Other income, net 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 0 7.000 $ $ 0.01

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