Wood Work Inc. and Modern Furniture Ltd. are two large home furnishing retailers, 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 Canadian dollars): Sales revenue Income taxes expense Cash dividends declared Operating expenses Cost of sales Finance expense (income), net Other income Number of common shares outstanding (in millions) Wood Work $1,511,930 Modern Furniture $767,153 15,444 17,156 2,698 28,302 554,397 265,626 791,142 441,799 43,197 (5,475) 2,572 122.5 74.0 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 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 decimal places.)