P6-3 Understanding the Statement of Earnings Based on the Gross Profit Percentage L06-3 The following data were taken from the year-end records of Nomura Export Company: Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.) Statement of Earnings Items Year 1 Year 2 Gross sales revenue $ 175,000 $ 247,000 Sales returns and allowances 19,500 Net sales revenue Cost of sales 50% 30% 19,500 21,500 Gross profit Operating expenses Earnings before income taxes Income tax expense (25%) Net earnings Earnings per share (18,000 shares outstanding) 2.55