From the following information, construct a simple income statement and a balance sheet:

Sales	$900,000
Finished goods	100,000
Long-term debt	200,000
Raw materials	150,000
Cash	45,000
Cost of goods sold	400,000
Accounts receivable	180,000
Plant and equipment	410,000
Interest expense	110,000
Number of shares outstanding	80,000
Earnings before taxes	240,000
Taxes	90,000
Accounts payable	240,000
Other current liabilities	50,000
Other expenses	150,000
Equity	395,000

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	$

Corporation X Balance Sheet as of XX/XX/XX
Assets		Liabilities and Owners' Equity
Cash		$			Accounts payable	$
Accounts receivable					Other current liabilities
Inventories					Total current liabilities	$
Raw materials	$				Long-term debt
Finished goods						Equity
Total inventories
Total current assets		$
Plant and Equipment
Total assets		$			Total liabilities and shareholders equity	$