Problem 9-01 From the following information, construct a simple income statement and a balance sheet: $1,500,000 270,000 400,000 100,000 20,000 600,000 300,000 Sales Finished goods Long-term debt Raw materials Cash Cost of goods sold Accounts receivable Plat and equipment Interest expense Number of shares outstanding Earnings before taxes Taxes Accounts payable Other current liabilities Other expenses Equity 280,000 100,000 100,000 690,000 110,000 220,000 30,000 110,000 320,000 Round your answer for earnings per share to the nearest cent Earnings before taxes Taxes Net earnings Number of shares outstanding Earnings per share 690,000 110,000 580,000 100,000 5.80 Corporation X Balance Sheet as of XX/XX/XX Liabilities and Owners' Equity 2000 Accounts payable 300000 Other current liabilities Total current liabilities 100000 Long-term debt 270000 Equity III 370000 690000 280000 970000 Total liabilities and shareholders' equity $ Check My Work