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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2018 ($ in 000s): Net sales Interest income Interest expense

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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2018 ($ in 000s): Net sales Interest income Interest expense $ 34,000 360 670 cost of goods sold Selling and administrative expenses Restructuring costs $ 18,500 4,100 2,400 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.2 million and again on disposal of the component's assets of $5.2 million. 600,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income (loss). Required: Prepare a multiple-step income statement for 2018, including EPS disclosures. Any amounts to be deducted, including expenses, should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places.) Income Statement For the Year Ended December 31, 2018 ($ in thousands, except per share amounts) Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative Restructuring costs OOOOO x x Total operating expenses Operating income Interest income (expense), net Income from continuing operations Earnings per share

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