Question: Please show all work Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or

Please show all work

Salesware.com, Incorporated, is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. The Company helps its customers to connect with their customers through cloud, mobile, social, blockchain, voice, advanced analytics, and artificial intelligence (AI) technologies. Presented below are the items adapted from its recent income statement for the year ended January 31 (in millions, except per share amounts). Net earnings per share was $0.18, and the weighted-average shares used in the computation were 842 million.

Cost of subscription and support revenues $ 3,274 Professional services and other revenues $ 1,190
Cost of professional services and other revenues 1,172 Other income 377
General and administrative expense 1,717 Marketing and sales expense 7,943
Income tax expense 709 Research and development expense 2,779
Subscription and support revenues 16,179

Required:

1. Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement.

2. Which source of operating revenues produces the higher gross profit?

Please show all work Salesware.com, Incorporated, is a leading provider of enterprise

software, delivered through the cloud, with a focus on customer relationship management,

issified (multiple-step) income statement. Which source of operating revenues produces the higher gross profit

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