Pool Corporation, Incorporated, is the world's largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange under the symbol POOL.

It sells these products to swimming pool repair and service businesses like Penny's Pool Service & Supply, Incorporated, swimming pool builders; and retail swimming pool stores. The majority of these customers are small, family$-$owned businesses like Penny's. Its trial balance and additional information adapted from a recent year ended December $31$ are presented below. All numbers are in thousands.

POOL CORPORATION, INCORPORATEDTrial BalanceAt December $31,$ Current Year$$DebitCreditCash and cash equivalents$$29,183$Receivables$,$ net$232,539$Product inventories, net$708,274$Prepaid expenses and other current assets$16,772$Property and equipment, net$118,246$Intangible assets$205,634$Operating lease assets$182,689$Other noncurrent assets, net$21,729$Accounts payable$$$$267,963$Accrued expenses and other current liabilities$61,413$Current portion of long$-$term debt$12,345$Operating lease liability, current$56,925$Long$-$term debt$505,662$Operating lease liability, noncurrent$128,010$Other long$-$term liabilities$61,168$Common stock$46$Additional paid$-$in capital$491,239$Retained $($deficit$)$ earnings$354,080$Net sales$3,259,517$Cost of sales$2,304,592$Selling and administrative expenses$589,679$Interest expense$24,110$Provision for income taxes$56,761$$$4,844,288$$$4,844,288$

Required:

$1-$a$.$ Prepare a classified consolidated statement of income $($with earnings per share$)$ for the current year. Number of shares outstanding used in computation of earnings per share was $39,893.$

$1-$b$.$ Prepare a consolidated balance sheet for the current year. Hint: Operating lease assets are a noncurrent asset.

$2.$ Compute gross profit percentage and return on assets. Total assets at the beginning of the year was $$1,246,871.$