E5-8 (Algo) Preparing a Classified (Multiple-Step) Income Statement and Computing the Gross Profit Percentage LO5-3 The following data were taken from the records of Township Corporation at December 31 of the current year: Required: 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? 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. What is the gross profit percentage? Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3)