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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 $ 23,000 Cost of goods sold 200 Selling and administrative expense 480 Restructuring costs $ 13,000 3,800 1,300 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $21 million and again on disposal of the component's assets of $3 million. 500,000 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 (loss), 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 share. Round EPS answers to 2 decimal places.) REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2021 is in thousands, except per share amounts) Sales reven Cost of goods solid Gross prole Operating expenses Selling and administrative expenses 5 Restructuring costs $ 23,000 (13,000) 10,000 13,000) (1.300) Operating income Other income expense not expense (4.300) 5,700 (200) 113,000) 10,000 Cost or goods sola Gross profit Operating expenses: Selling and administrative expenses Restructuring costs $ (3,000) (1,300) (4,300) 5,700 Operating income Other income (expense): Interest expense (200) (200) 5,500 (1,375) 4,125 900 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 Net income (225) 675 $ 4,800 8.25

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