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ces Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. 2020 2021 Sales Depreciation Cost of goods sold $

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ces Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. 2020 2021 Sales Depreciation Cost of goods sold $ 12,073 $13,236 1,671 1,746 4,029 4,717 Other expenses 951 829 Interest 800 931 Cash 6,082 6,496 Accounts receivable 8,050 9,457 Short-term notes payable 1,180 1,157 Long-term debt 20,350 24,661 Net fixed assets 50,910 54,303 Accounts payable 4,400 4,674 Inventory 14,300 15,298 1,000 1,628 Dividends Prepare a balance sheet for this company for 2020 and 2021. (Do not round intermediate calculations.) INGERSOLL, INCORPORATED Balance Sheet as of December 31 Assets Cash 14 Inventory Current assets Total assets 2020 2021 $ 85,554 Liabilities & Equity

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