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 receivable Plant and equipment Interest expense Number of shares outstanding Earnings before taxes Taxes Accounts payable Other current liabilities Other expenses Equity $1,000,000 120,000 300,000 100,000 65,000 670,000 300,000 500,000 80,000 70,000 150,000 120,000 150,000 80,000 100,000 555,000 Round your answer for earnings per share to the nearest cent. Corporation X: Income Statement for the Year Ended XX/XX/XX Sales Round your answer for earnings per share to the nearest cent. Corporation X: 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 $ Assets Corporation X Balance Sheet as of XX/XX/XX Liabilities and Owners' Equity Accounts payable Other current liabilities Cash $ $ Accounts receivable Inventories $ $ Raw materials Finished goods Total inventories Total current liabilities Long-term debt Equity Total current assets $ Plant and Equipment Total assets Total liabilities and shareholders' equity $