Www Problem 9 01 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 Kothed durrent liabilities $1,000,000 250.000 200.000 140,000 75,000 480,000 260,000 370,000 80,000 110,000 310.000 150,000 250,000 y 60,000 Othere penses 130,000 585,000 EQUIEM 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 Corporation X Balance Sheet as of XXXXXXXX nd owners Equity $ Assets Cash Accounts receivable Inventories Raw materials Finished goods Total inventones