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please help find owners equity and total liabilities and owner's equity for both years Use the following information for Ingersoll, Inc. Assume the tax rate
please help find owners equity and total liabilities and owner's equity for both years
Use the following information for Ingersoll, Inc. Assume the tax rate is 22 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 2019 $ 16,573 $ 15,936 1,761 1,836 4,479 4,807 996 874 845 976 6,217 6,766 8,140 9,727 1,270 1,247 20,620 24,886 51,108 54,573 4,544 4,944 14,453 15,388 1,450 1,718 Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.) INGERSOLL, INC. Balance Sheet as of Dec. 31 2018 2019 Assets Cash Accounts receivable $ 6,2171 $ 8,140 14,453 6,766 9,727 15,388 Inventory Current assets Net fixed assets 51,108 54,573 Total assets IS 79,918 $ 86,454 Liabilities & Equity Accounts payable Notes payable $ S 4,544 1,270 4,944 1,247 $ 5,814 $ 6,191 Current liabilities Owners' equity Long-term debt 20,6201 24,886 Total liabilities & owners' equityStep by Step Solution
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