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 $1,200,000 220,000 300,000 130,000 25,000 710,000 160,000 340,000 90,000 110,000 270,000 140,000 200,000 80,000 130,000 295,000 Round your answer for earnings per share to the nearest cent. $ Round your answer for earnings per share to the nearest cent. Corporation : 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 Liabilities and Owners' Equity Accounts payable Other current liabilities Total current liabilities Long-term debt Equity $ Assets Cash Accounts receivable Inventories Raw materials Finished goods Total inventories Total current assets Plant and Equipment Total assets $ Total liabilities and shareholders' equity $