ebook Problem 9-01 From the following information, construct a simple income statement and a balance sheet: Sales $1,300.000 Finished goods 110,000 Long term debt 200.000 Raw materials 70,000 Cash 70,000 Cost of goods sold 450,000 Accounts receivable 310,000 Plant and equipment 420.000 Interest expense 60,000 Number of shares outstanding 70,000 Earnings before taxes 690,000 Taxes 100.000 Accounts payable 180,000 Other current liabilities 30,000 Other expenses 100.000 Equity 570,000 Round your answer for earnings per share to the nearest cent. Corporation : Income Statement for the Year Ended xx/xx/xx sound Earnings before taves Taxe Accounts payable Other current at Other expenses 70.000 10,000 100.000 180,000 30,000 100,000 570,000 Nound your newer for sig per share to the nearest cent Corporation : Income Statement for the Year Ended xx/xx/xx Sale 1.300.000 Cost of goods Other expenses Earnings before interest and tas Intereste 60.000 Earnings before anes Thes 100,000 Net carrings Number of shares outstanding Earrings per share ololo Corporation Balance Sheet as of xx/xx/xx Labies and Owners Assets Core taxes 100,000 Taxes Net earnings Number of shares outstanding Earrings per share Assets Cash 180,000 Accounts receivable Corporation X Halance Sheet as of XX/XX/XX Llabilities and Owners' Equity 70,000 Accounts payable 310,000 Other current abilities Total current abilities Long-term debe Equity 30.000 3 210,000 70,000 Inventories Raw materials Finished goods Total inventories Total current assets Plant and Equipment 200,000 570,000 110,000 650,000 940,000 420,000 Total assets 1,360,000 Total liabilities and shareholders culty 980,000 HideFredback