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E5-9 (Algo) Preparing a Classified (Multiple-Step) Income Statement (Challenging) LO5-3 Salesware.com, Incorporated, is a leading provider of enterprise software, dellvered through the cloud, with a

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E5-9 (Algo) Preparing a Classified (Multiple-Step) Income Statement (Challenging) LO5-3 Salesware.com, Incorporated, is a leading provider of enterprise software, dellvered 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 ("Al") 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 $0.17, and the weighted-average shares used in the computation were 839 million. 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? Recognizing that Salesware has two sources of operating revenues, prepare a classified (multiple-step) income statement. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10)

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