Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024...

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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands): Cost of goods sold $ 36,000 460 Selling and administrative expense. 660 Restructuring costs Sales revenue Interest revenue. Interest expense In addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $3.4 million and a gain on disposal of the component's assets of $5.6 million. There were 800,000 shares of common stock outstanding throughout 2024. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss). Required: Prepare a multiple-step income statement for 2024, including EPS disclosures. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places. Gross profit Operating expenses: Operating income Other income (expense): REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands, except per share amounts) Other income, net Income from continuing operations before income taxes Income from continuing operations Discontinued operations: $ 19,500 4,300 2,600 Income on discontinued operations Net income Earnings per share: Net income Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ($ in thousands): Cost of goods sold $ 36,000 460 Selling and administrative expense. 660 Restructuring costs Sales revenue Interest revenue. Interest expense In addition, during the year, the company completed the disposal of its plastics business and incurred a loss from operations of $3.4 million and a gain on disposal of the component's assets of $5.6 million. There were 800,000 shares of common stock outstanding throughout 2024. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss). Required: Prepare a multiple-step income statement for 2024, including EPS disclosures. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places. Gross profit Operating expenses: Operating income Other income (expense): REMBRANDT PAINT COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands, except per share amounts) Other income, net Income from continuing operations before income taxes Income from continuing operations Discontinued operations: $ 19,500 4,300 2,600 Income on discontinued operations Net income Earnings per share: Net income

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Question REMBRANDT PAINT COMPANY Income statement For the year Ended December 31 2024 Income from di... View the full answer