Wood Work Inc. and Modern Furniture Ltd. are two large home furnishing retallers, selling a wide range of furniture, major appliances, and home electronics. The following data were taken from the 2020 annual reports of both companies (amounts in thousands of Canadlan dollars): Required: 1. Based on these data, prepare a multiple-step statement of earnings for each company for the year ending December 31,2020 (showing both gross proflt and earnings from operations). (Negatlve answers should be lndicated by a minus sign. Enter your Reuners in thousands of Canadlan dollars except "No, of shares" which should be entered In million rounded to 1 decimal place. Round "Earnings per share" to 2 declmal places.) 1. Based on these data, prepare a multiple-step statement of earnings for each company for the year ending December 31,2020 (showing both gross profit and earnings from operations). (Negative answers should be Indicated by a minus sign. Enter your answers in thousands of Canadian dollars except "No. of shares" which should be entered in million rounded to 1 decimal place. Round "Earnings per share" to 2 declmal places.) 2. Compute the gross profit and the gross profit percentage for each company. (Enter "Gross Proflit" answers in thousands of Canadian dollars. Round percentage answers to 1 decimal place (l.e., 0.124 should be entered as 12.4).)