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

Sales	$ 900,000
Finished products	190.000
long term debt	400.000
Raw Materials	140.000
Money	75,000
cost of goods sold	480.000
accounts receivable	170.000
Plant and equipment	490.000
Interest expenses	50,000
Number of shares outstanding	110,000
earnings before taxes	240.000
Taxes	100,000
Accounts payable	200,000
Other current liabilities	40.000
Other expenses	130.000
Equity	425,000

Round your earnings per share answer to the nearest cent.

X-Corporation:
Income statement for the year ended XX/XX/XX
Sales	ps
cost of goods sold
Other expenses
Earnings before interest and taxes
Interest expenses
earnings before taxes
Taxes
Net earnings	ps
Number of shares outstanding
earnings per share	ps

Balance Sheet of Corporation X at XX/XX/XX
Assets						Liabilities and owners' equity
Money			ps			Accounts payable	ps
accounts receivable						Other current liabilities
inventories						Total current liabilities	ps
Raw Materials	ps					long term debt
Finished products						Equity
total inventories
Total current assets			ps
Plant and equipment
total assets			ps			Total Liability and Net Worth	ps