Rembrandt Paint Company had the following income statement items for the year ended December 31, 2013 ($ in 000s):
| Net sales |
$ |
20,000 |
Cost of goods sold |
$ |
11,500 |
| Interest income |
|
220 |
Selling and administrative expenses |
|
2,700 |
| Interest expense |
|
390 |
Restructuring costs |
|
1,000 |
| Extraordinary gain |
|
3,200 |
|
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In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $1.8 million and a gain on disposal of the component's assets of $2.4 million. 600,000 shares of common stock were outstanding throughout 2013. Income tax expense has not yet been accrued. The income tax rate is 40% on all items of income (loss).
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| Required: |
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Prepare a multiple-step income statement for 2013, 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.)
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