From the following information, construct an income statement and a balance sheet on your own word document. Turn in your finished word document: Sales Accounts Payable Accounts Receivable Accruals Cash Common Stock Par Value Cost of Goods Sold Earnings before income taxes Income taxes Interest Expense Inventory Long-term debt Number of Shares Outstanding Operating Expense Plant and Equipment Retained Earning $1,000,000 200,000 250,000 50,000 50,000 325,000 600,000 220,000 100,000 80,000 300,000 300,000 100,000 100,000 400,000 125,000