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 2014 annual reports of both companies (amounts in thousands of Canadian dollars):

	Wood Work	Modern Furniture
Sales revenue	$1,762,220	$892,455
Income taxes expense	15,819	17,531
Cash dividends declared	3,073	28,677
Operating expenses	616,897	328,126
Cost of sales	854,517	505,174
Finance expense (income), net	56,322	(8,600)
Other income	2,947	-
Number of common shares outstanding (in millions)	125.0	79.0

Required:

1.

Based on these data, prepare a multiple-step statement of earnings for each company for the year ending December 31, 2014 (showing both gross profit and earnings from operations).(Negative amounts should be indicated with 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 "EPS" answer to 2 decimal places.)

2.	Compute the gross profit and the gross profit percentage for each company.(Enter your Gross Profit answers in thousands of Canadian dollars. Round your "Percentage" answers to 1 decimal place (i.e. 0.123 must be entered as 12.3.).)

Required: 1. Baeed en these data. prepare a muipleetep statement at eaminge fer eaeh eempany fer the year ending December 31, E14 [ehewing belt-I green pret and eaminge frern eperatiene). [Negative erneunte eheuld be indicated with a minus sign. Enter yeur answer: in theueande of Canadian duller: except "He. at eheree\" which eheuld he entered in milllen rounded to 1 decimal pleee. Reund "EPE" answer to 2 decimal places.) mmmtmmr Earnings per share Number ei eemmen ShEll'EE eutetanding [in milliene] 2. Cmple the grass pmt end be green prurt percentage for each mmpeny. {Enter your Green Profit answers In theutande ef Canadlen dollars. Reund yaur \"Percentage" answer: to 1 decimal place [i.e. {L123 must be entered a: 12.3.].]