E$5-8($Static$)$ Preparing a Classified $($Multiple$-$Step$)$ Income Statement and Computing the Gross Profit

Percentage L$05-3$

The following data were taken from the records of Township Corporation at December $31$ of the current year:

Required:

Prepare a complete classified $($multiple$-$step$)$ income statement for the company $($showing both gross profit and income from

operations$).$

What is the gross profit percentage?

Complete this question by entering your answers in the tabs below.

Required $2$

Prepare a complete classified $($multiple$-$step$)$ income statement for the company $($showing both gross profit and income from

operations$).$

Note: Round "Earnings per share" to $2$ decimal places.