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homework problem 23 Use the following information for Taco Swell, Inc., for Problem 23 (assume the tax rate is 21%): Instructor's note: There is no
homework problem 23 Use the following information for Taco Swell, Inc., for Problem 23 (assume the tax rate is 21%): Instructor's note: There is no value given for Paid in Captial nor Retained Earings. The Balance Sheet can only show Totol Owners' Equity. 2020 2021 Sales $ 21,514.00 $ 24,047.00 Depreciation $ 3,089.00 $ 3,229.00 Cost of goods sold $ 7,397.00 $ 8,750.00 Other expenses $ 1,759.00 $ 1,531,00 Interest $ 1,443.00 $ 1,723.00 Cash $ 11,279.00 $ 12,021.00 Accounts receivable $ 14,934.00 $ 17,529.00 Short-term notes payable $ 2,176.00 $ 2,133.00 Long-term debt $ 37,778.00 $ 45,798.00 Net fixed assets $ 94,601.00 $ 100,893.00 8,150.00 $ 8,632.00 Accounts payable $ Inventory 26,551.00 $ 28,421.00 $ Dividends 2,573.00 $ 3,008.00 Financial Statements: Draw up an income statement and balance sheet for this company for 2020 and 2021
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