The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporations for the year ended December 31, 2016 ($ in 000s): Sales revenue: $15,300 Cost of goods sold: $6,200 Selling expenses: $1,300 General and administrative expenses: $800 Interest revenue: $85 Interest expense: $180 Income taxes have not yet been recorded. The companys income tax rate is 40% on all items of income or loss. These revenue and expense items appear in the companys income statement every year. The companys controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2016 ($ in 000s). All transactions are material in amount.

1. Investments were sold during the year at a loss of $220.

2. One of the companys factories was closed during the year. Restructuring costs incurred were $1,200.

3. During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $560 in 2016 prior to the sale, and its assets were sold at a gain of $1,400.

4. Foreign currency translation losses for the year totaled $240.

Prepare a 2016 multiple-step income statement for Schembri, ignoring EPS disclosures.