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):

	Wood Work				Modern Furniture
Sales revenue	$	1,471,730				$	747,353
Income taxes expense		15,384					17,096
Cash dividends declared		2,638					28,242
Operating expenses		544,397					255,626
Cost of sales		781,002					431,659
Finance expense (income), net		41,097					(4,975	)
Other income		2,512
Number of common shares outstanding (in millions)		122.1					96.0

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.)