VWX Corporation provided the following data for the year ending December 31, 2023:

Financial Data	Amount
Sales Revenue	$900,000
Cost of Goods Sold	$540,000
Operating Expenses	$140,000
Interest Expense	$18,000
Income Tax Expense	$32,000
Dividends Paid	$60,000
Beginning Retained Earnings	$150,000

Requirements:

1. Create an income statement.
2. Prepare a statement of retained earnings.
3. Compute the earnings per share if there are 40,000 shares outstanding.
4. Analyze the impact of a 10% increase in interest expense on net income.
5. Evaluate the effect of doubling the sales revenue on net income and earnings per share.