Pool Corporation 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 Inc, 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 year ended December 31 are presented below. All numbers are in thousands Account Titles Cash and cash equivalents Debit Credit 17,487 Receivables, net 110,555 Product inventories, net 386,924 Prepaid expenses and other current assets 23,035 Property and equipment, net 41,394 Intangible assets 188,841 Other non-current assets, net 30,386 Accounts payable $ 177,437 Accrued expenses and other current liabilities 53,398 Current portion of long-term debt 22 Long-term debt 247,308 Other long-term liabilities 40,719 Contributed capital 173,227 Retained earnings, January 1 34,526 Net sales 1,793,318 Cost of sales 1,261,728 Selling and administrative expenses 486,523 Interest expense 7.755 Provision for income taxes 45,319 $2,519.947 $2,519,947 Required: 1. Prepare a classified statement of earnings (with earnings per share) for the current year and a statement of financial position at the end of the current year. The number of shares outstanding used in computing earnings per share was 48,158. (Round "Basic earnings per share" answer to 2 decimal places.) Required: 1. Prepare a classified statement of earnings (with earnings per share) for the current year and a statement of financial position at the end of the current year. The number of shares outstanding used in computing earnings per share was 48,158. (Round "Basic earnings per share" answer to 2 decimal places.) POOL CORPORATION Consolidated Statement of Earnings For Year Ended December 31 (in Thousands Except Per Share Amounts) Earnings per share: Basic eamings per share Weighted average shares outstanding