From the following information, construct a simple income statement and a balance sheet: Sales Finished goods Long-term debt Raw materials Cash Cost goods sold Accounts receivable Plant and equipment $1,400,000 340,000 200,000 80,000 35,000 430,000 120,000 350,000 100,000 70,000 800,000 130,000 250,000 60,000 70,000 415,000 Interest expense Number of shares outstanding Earnings before taxes Taxes Accounts payable Other current liabilities Other expenses Equity Round your answer for earnings per share to the nearest cent. 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 $ Assets Corporation X Balance Sheet as of XX/XX/XX Liabilities and Owners' Equity Accounts payable Cash $ Accounts receivable Other current liabilities Inventories Total current liabilities $ Raw materials $ Long-term debt Equity Finished goods Total inventories Total current assets $ Plant and Equipment Total assets $ Total liabilities and shareholders' equity $