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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2016 ($ in 000s): In addition, during the year the

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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2016 (\$ in 000s): In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $1.6 million and a gain on disposal of the component's assets of $2 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 earninas per share. Round EPS answers to 2 decimal places.)

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