Musicality, Inc., reported the following items, listed in no particular order, at December 31, 2016 (in thousands):
Other gains (losses)...............................$(23,000)
Net sales revenue...................................195,000
Loss on discontinued operations..................10,000
Cost of goods sold..................................74,000
Operating expenses.................................66,000
Accounts receivahle.................................22,000
Income tax of 40% applies to all items.
Prepare Musicality's multistep income statement for the year ended December 31, 2016. Omit earnings per share.