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? Complete this question by entering your answers in the tabs below. 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. 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? Complete this question by entering your answers in the tabs below. What is the gross profit percentage? Note: Round your percentage answer to 1 decimal place (1.e., 0.1234 should be entered as 12.3)