Search X Content X Question 37 - Mic x Q ccri blackboard x Content x M Sign In | Connect X Recognizing Reve x https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/ erm Exam i Saved Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands): 7 Sales revenue $ 18,000 Cost of goods sold $ 10, 500 Interest revenue 100 Selling and administrative expense 2, 506 Interest expense 300 Restructuring costs 806 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 $2 million. There were 500,000 shares of common stock outstanding throughout 2024. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss). Required: Prepare a multiple-step income statement for 2024, including EPS disclosures. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places. REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands, except per share amounts) Sales revenue $ 18,000 Cost of goods sold 10,500 Gross profit Operating expenses: Selling and administrative expense 2,500 Restructuring costs 800 3,300 Operating income (3,300) Other income (expense) MC Q Search O. F2 F3 FA C6 F7 F8 prt sc home end F9 insert F10 F11 F12 del & B 4. 7 O W E R T U O D S G H K