eBook Problem 9 01 From the following information, construct a simple income statement and a balance sheet: Sales Finished goods Long-term debt Raw materials Cash Cost of goods sold Accounts recevable Plant and equipment Interest expense Number of shares outstanding Earnings before taxes Taxes Accounts payable Other current liabilities Other expenses Equity $1,300,000 190,000 300,000 150,000 20,000 580,000 280,000 510,000 110,000 100,000 500,000 100,000 210,000 80,000 110,000 550,000 Round your answer for earnings per share to the nearest cent Corporation : Round your answer for earnings per share to the nearest cent. Corporation : Income Statement for the Year Ended XX/XX/XX Sales Cost of goods sold Other expenses Earnings before interest and taxes Interest expense Earnings before taxes Taxes Net earnings Number of shares outstanding Earnings per share Corporation X Balance Sheet as of XX/XX/XX Liabilities and owners' Equity Accounts payable Other current liabilities Total current liabilities Long-term debt Equity Assets Cash Accounts receivable Inventories Raw materials Finished goods Total inventories Total current assets plant and Equipment Total assets Total liabilities and shareholders' equity