To follow is the 2018 income statement of Alana's Imports, Inc. (Click the icon to view the income statement) Read the requirements 1. How much gross profit did Alana earn on the sale of its products in 2018? How much was income from continuing operations? How much net income did the company eam? (Use parentheses or a minus sign for losses.) Gross profit thousand Income from continuing operations Net income thousand $ thousand $ Requirements 1. How much gross profit did Alana earn on the sale of its products in 2018? How much was income from continuing operations? How much net income did the company earn? 2. At the end of 2018, what dollar amount of income would most sophisticated investors use to predict Alana's Imports' net income for 2019 and beyond? Name this item, give its amount, and state your reason. Alana's Imports, Inc. Consolidated Statement of Operations (Adapted) Year Ended (In thousands except per share amounts) 2018 2017 Net sales $ 1,825,885 $ 1,806,221 Operating costs and expenses: Cost of sales (including buying and store occupancy costs) Selling, general, and administrative expenses 1,121,490 549,750 55,675 1,045,480 526,850 48,550 Depreciation and amortization 1,726,915 1,620,880 98,970 185,341 Total operating costs and expenses Operating income (loss) Nonoperating (income) and expenses: Interest and investment income (2.655) 1,715 (2.750) 1,620 Interest expense (940) (1,130) Interest income, net Income (loss from continuing operations before income taxes 99.910 186 471 Interest and investment income Interest expense (2,655) 1,715 (2,750) 1,620 (940) (1,130) 99,910 37.133 186,471 64,894 Interest income, net Income (loss) from continuing operations before income taxes Provision (benefit) for income taxes Income (loss) from continuing operations Discontinued operations: Income (loss) from discontinued operations $ 62,777 $ 121,577 200 (2,970) 118,607 Net income (loss) $ 62,977 $ Earnings (loss) per share from continuing operations: Basic $ 2.29 $ 1.52 Earnings (loss) per share from discontinued operations: Basic $ 0.09 $ (0.09) GA Earnings (loss) per share: Basic 2.20 $ 1.43