From the following information, help me construct an income statement and a balance sheet.

\begin{tabular}{|l|l|} \hline Sales & $1,000,000 \\ \hline Accounts Payable & 200,000 \\ \hline Accounts Receivable & 250,000 \\ \hline Accruals & 50,000 \\ \hline Cash & 50,000 \\ \hline Common Stock Par Value & 325,000 \\ \hline Cost of Goods Sold & 600,000 \\ \hline Earnings before income taxes & 220,000 \\ \hline Income taxes & 100,000 \\ \hline Interest Expense & 80,000 \\ \hline Inventory & 300,000 \\ \hline Long-term debt & 300,000 \\ \hline Number of Shares Outstanding & 100,000 \\ \hline Operating Expense & 100,000 \\ \hline Plant and Equipment & 400,000 \\ \hline Retained Earning & 125,000 \\ \hline \end{tabular}