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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands): Sales revenue $ 27,000 Cost of
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands): Sales revenue $ 27,000 Cost of goods sold $ 15,000 Interest revenue 280 Selling and administrative expense 3,400 Interest expense 480 Restructuring costs 1,700 In addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $2.5 million and a gain on disposal of the components assets of $3.8 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). Required: Prepare a multiple-step income statement for 2024, including EPS disclosures. Note: Amounts
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