The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2016 ($ in 000s) sales revenue, $16,300, cost of goods sold $6,700; selling expenses, $1,350; general and administrative expenses, $850, interest revenue, $200 interest expense, $230 Income taxes have not yet been recorded The company's income tax rate is 30% on all items of income or loss. These revenue and expense items appear in the company's income statement every year. The company's controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2016 (S in 000s) All transactions are material in amount 1. Investments were sold during the year at a loss of $270. Schembri also had unrealized gains of $370 for the year on investments 2. One of the company's factories was closed during the year. Restructuring costs incurred were $1,700 3. During the year, Schembri completed the sale of one of its operating divisions that qualifies as a 4. In 2016, the company's accountant discovered that depreciation expense in 2015 for the office building 5. Foreign currency translation losses for the year totaled S290. Required: component of the entity according to GAAP The division had incurred a loss from operations of $540 in 2016 prior to the sale, and its assets were sold at a gain of $1,500 was understated by $250 1. Prepare Schembri's single, continuous multiple-step statement of comprehensive income for 2016 including basic earnings per share disclosures. One million sha the beginning of the year and an additional 400,000 shares were issued on July 1, 2016. (Amounts to be deducted should be EPS answers to 2 decimal places.) of common stock were indicated with a minus sign. Enter your answers in thousands. Round SCHEMBRI MANUFACTURING CORPORATION Statement of Comprehensive Income For the Year Ended December 31, 2016 (S in 000s) Sales revenue Cost of goods sold Gross proft 16,300 (6,700) 9,600 ating expenses Selling expense General and administrative expense Restructuring costs 1,350 850 1,700