Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands):

Sales revenue $ 38,000

Cost of goods sold $ 20,500

Interest revenue 500

Selling and administrative expense 4,500

Interest expense 700

Restructuring costs 2,800

In addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $3.6 million and a gain on disposal of the components assets of $6 million. There were 600,000 shares of common stock outstanding throughout 2024. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss).