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FEAR Sub The following data were taken from the records of Village Corporation at December 31, 2020 Sales revenue Gross profit Selling (distribution) expense Administrative

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FEAR Sub The following data were taken from the records of Village Corporation at December 31, 2020 Sales revenue Gross profit Selling (distribution) expense Administrative expense Earnings before income tax Income tax rate Number of shares outstanding $ 83,000 31,000 9,300 ? 11,300 354 5,300 Required: Prepare a complete statement of earnings for the company (showing both gross profit and earnings from operations). (Hint Set up the side captions starting with sales revenue and ending with earnings per share, use the amounts and percentages given to infer missing values.) (Round "Earnings per share" to 2 decimal places.) VILLAGE CORPORATION Statement of Earnings For the Year Ended December 31, 2020 Other operating expenses Total other operating expenses Earnings before income tax Eamings per share

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