7 Book Ho erences The following data were taken from the records of Township Corporation at December 31 of the current year. Sales revenue Gross profit Selling (distribution) expense Administrative expense Pretax income Income tax rate Shares of stock outstanding Required: $ 94,000 33,000 5,900 12,000 35% 3,200 1. Prepare a complete, classified (multiple-step) income statement for the company (showing both gross profit and income from operations) 2. What is the gross profit percentage? Complete this question by entering your answers in the tabs below. Required 1 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. Operating expenses TOWNSHIP CORPORATION Total operating expenses Income Statement Earnings per share Required 1 Required 2 >