Please Show me how to solve for this problem. Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent):

		2014		2015
Sales	$	8,535	$	9,109
Depreciation		1,195		1,196
Cost of goods sold		2,766		3,130
Other expenses		709		604
Interest		595		673
Cash		4,179		5,273
Accounts receivable		5,509		6,197
Short-term notes payable		864		816
Long-term debt		14,230		16,750
Net fixed assets		35,155		36,117
Accounts payable		4,456		4,255
Inventory		9,740		10,008
Dividends		1,026		1,121

Prepare an income statement for this company for 2014 and 2015.(Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

Ingersoll, Inc., Income Statement
		2014			2015
(Click to select)InterestEBITDividendsSalesAdditions to RE	$			$
(Click to select)Cost of goods soldAdditions to REEBITDividendsInterest
(Click to select)DividendsEBITOther expensesInterestAdditions to RE
(Click to select)DepreciationAdditions to REEBITDividendsInterest
(Click to select)Cost of goods soldOther expensesEBITSalesAdditions to RE	$			$
(Click to select)Cost of goods soldSalesAdditions to REOther expensesInterest
(Click to select)EBTCost of goods soldSalesOther expensesInterest	$			$
(Click to select)Additions to RECost of goods soldTaxesSalesOther expenses
(Click to select)Net incomeNet loss	$			$
(Click to select)DepreciationTaxesDividendsInterestSales	$			$
(Click to select)TaxesInterestDepreciationSalesAdditions to RE

Prepare thebalance sheet for this company for 2014 and 2015.(Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

Ingersoll, Inc. Balance Sheet as of Dec. 31
		2014			2015
Assets
(Click to select)Accounts payableNotes payableCashOwners' equityNotes receivableLong-term debtNet fixed assets	$			$
(Click to select)Accounts receivableNotes receivableLong-term debtOwners' equityAccounts payableNotes payableNet fixed assets
(Click to select)InventoryNotes receivableNet fixed assetsLong-term debtOwners' equityAccounts payableNotes payable
Current assets	$			$
(Click to select)Notes payableLong-term debtAccounts payableNet fixed assetsInventoryCashAccounts receivable
Total assets	$			$
Liabilities
(Click to select)Long-term debtOwners' equityNotes receivableNet fixed assetsCashAccounts payableAccounts receivable	$			$
(Click to select)CashAccounts receivableLong-term debtNotes receivableOwners' equityNotes payableNet fixed assets
Current liabilities	$			$
(Click to select)CashLong-term debtNotes payableAccounts receivableNet fixed assetsNotes receivableAccounts payable
(Click to select)CashAccounts receivableNotes receivableAccounts payableNotes payableOwners' equityNet fixed assets
Total liabilities & owners' equity	$			$