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

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Accounting

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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2024 ( $ in thousands): 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. There were 600,000 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 disciosures. 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

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