The following data were taken from the records of Township Corporation at December 31 of the current year: Sales revenue $87,000 Gross profit 37,000 Selling (distribution) expense 6,500 Administrative expense Pretax income 13,200 Income tax rate 30% Shares of stock outstanding 3,300 Required: 1. Prepare a complete classified (multiple-step) income statement for the company (showing both gross profit and income from operations). (Round "Earnings per share" to 2 decimal places.) TOWNSHIP CORPORATION Income Statement Operating expenses: Total operating expenses 0 Earnings per share 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).) Gross profit percentage %