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I need to prepare a complete balance sheet and income state with this information. Use the following information for Taco Swell, Inc., (assume the tax
I need to prepare a complete balance sheet and income state with this information.
Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent): 2017 2018 $18,573 $ 17136 Sales Depreciation Cost of goods sold Other expenses Interest Cash 1,801 4,679 1,016 865 1,876 4,847 894 996 6,2776,886 9,847 Accounts receivable 8,180 Short-term notes 1,310 1,287 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 20,74024,986 51,19654,693 4,6085,064 14,521 15,428 1,758 1,650 Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) TACO SWELL, INC Balance Sheet as of Dec. 31Step by Step Solution
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