Read from file in shell script

The shell script(readfile.sh) to read line by line from the file (input.txt):

#!/bin/sh
while read line
do
    inputargs=($line)
    echo "Reading..."
    echo "arg1: ${inputargs[0]}"
    echo "arg2: ${inputargs[1]}"
done < "input.txt"

The input.txt file

one apple
two oranges
three bananas

To run the script readfile.sh

chmod +x readfile.sh
./readfile.sh

The output from running the readfile.sh

Reading...
arg1: one
arg2: apple
Reading...
arg1: two
arg2: oranges
Reading...
arg1: three
arg2: bananas