The following data were taken from the records of Township Corporation at December 31 of the current year: $92,000 33,000 5,600 12.5 points Sales revenue Gross profit Selling (distribution) expense Administrative expense Pretax income Income tax rate Shares of stock outstanding 13,200 358 3,500 eBook 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.) Hint TOWNSHIP CORPORATION Income Statement Print References Operating expenses Total operating expenses Earnings per share 28 Next > 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 %