Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $7,700 under each of the following situations: (FV of $1 PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided 1. The first payment is received on December 31, 2019, and interest is compounded annually. 2. The first payment is received on December 31, 2018, and interest is compounded annually. 3. The first payment is received on December 31, 2019, and interest is compounded quarterly Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2019, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function Payment: PV - 12/31/2018: Required 1 Required 2 > Rembrandt Paint Company had the following income statement items for the year ended December 31, 2016 ($ in 000s): Net sales $ 16,000 Interest income $29,000 Cost of goods sold 310 Selling and administrative expenses 570 Restructuring costs Interest expense 3,600 1,900 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.7 million and a gain on disposal of the component's assets of $4.2 million. 600,000 shares of common stock were outstanding throughout 2016. Income tax expense has not yet been recorded. The income tax rate is 40% on all items of income (loss). Required: Prepare a multiple-step income statement for 2016, 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