he following data were taken from the records of Township Corporation at December 31, 2015:

Sales revenue	$	85,000
Gross profit		30,000
Selling (distribution) expense		7,000
Administrative expense		?
Pretax income		13,000
Income tax rate		35%
Shares of stock outstanding		2,500

Required:

1.

Prepare a complete multiple-step income statement for the company. (Hint: Rely on the amounts and percentages given to infer missing values.) (Round "Earnings per share" to 2 decimal places.) 2. What is the gross profit percentage? (Enter your answer as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).)