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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021($ in thousands): Sales revenue Interest revenue Interest expense $

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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021($ in thousands): Sales revenue Interest revenue Interest expense $ 21,000 Cost of goods sold 160 selling and administrative expense 360 Restructuring costs $ 12,000 2,500 1,100 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of S1,9 million and a gain on disposal of the component's assets of $2.6 millon 600,000 shares of common stock were outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income foss). Required: Prepare a multiple-step income statement for 2021, including EPS disclosures. (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, 2021 (5 in thousands, except per share amounts) Sales revenue Cost of goods sold Gross profit Operating expenses Selling and administrative expenses $ Restructuring costs S 21.000 12,000 9,000 2.800 1.100 3,900 5, 100 Operating income Other income (expenses Interest revenue Interest expense Other income, net Income from continuing operations before income taxes 160 (360) (200) 4900 4.000 Income from continuing operations Discontinued operations Income from operations of discontinued component Income tax expense Income on discontinued operations Net income Eamings por share income from continuing operations income on discontinued operations Not inconi 0 4,900 S

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