5.

Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent):

		2011		2012
Sales	$	8,335	$	8,909
Depreciation		1,175		1,176
Cost of goods sold		2,746		3,110
Other expenses		689		584
Interest		575		653
Cash		4,159		5,253
Accounts receivable		5,489		6,177
Short-term notes payable		844		796
Long-term debt		14,010		16,550
Net fixed assets		34,955		35,877
Accounts payable		4,416		4,235
Inventory		9,720		9,988
Dividends		1,006		1,101

Prepare an income statement for this company for 2011 and 2012. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

Ingersoll, Inc., Income Statement
		2011			2012
(Click to select)Additions to REInterestDividendsEBITSales	$			$
(Click to select)EBITInterestDividendsAdditions to RECost of goods sold
(Click to select)Other expensesEBITDividendsInterestAdditions to RE
(Click to select)Additions to REDepreciationEBITDividendsInterest
(Click to select)EBITSalesOther expensesCost of goods soldAdditions to RE	$			$
(Click to select)Additions to RECost of goods soldOther expensesSalesInterest
(Click to select)Other expensesInterestSalesCost of goods soldEBT	$			$
(Click to select)SalesCost of goods soldAdditions to REOther expensesTaxes
(Click to select)Net lossNet income	$			$
(Click to select)SalesDividendsTaxesDepreciationInterest	$			$
(Click to select)DepreciationAdditions to RESalesTaxesInterest

Prepare a balance sheet of this company for 2011 and 2012. (Do not round intermediate calculations.Be sure to list the accounts in order of their liquidity.)

Prepare a balance sheet of this company for 2011 and 2012. (Be sure to list the accounts in order of their liquidity.)

Ingersoll, Inc. Balance Sheet as of Dec. 31
		2011			2012
Assets
(Click to select)Long-term debtOwners' equityNet fixed assetsNotes receivableAccounts payableNotes payableCash	$			$
(Click to select)Net fixed assetsLong-term debtAccounts receivableNotes payableNotes receivableAccounts payableOwners' equity
(Click to select)Owners' equityAccounts payableNet fixed assetsLong-term debtInventoryNotes receivableNotes payable
Current assets	$			$
(Click to select)Long-term debtAccounts receivableAccounts payableCash Net fixed assetsInventoryNotes payable
Total assets	$			$
Liabilities
(Click to select)Accounts payableAccounts receivableNotes receivableOwners' equityLong-term debtCashNet fixed assets	$			$
(Click to select)Owners' equityCashNotes payableAccounts receivableLong-term debtNotes receivableNet fixed assets
Current liabilities	$			$
(Click to select)Accounts receivableAccounts payableCashNotes receivableNotes payableLong-term debtNet fixed assets
(Click to select)Notes receivableNotes payableAccounts receivableNet fixed assetsAccounts payableCashOwners' equity
Total liabilities & owners' equity	$			$