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Please solve. Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. Prepare a balance sheet for this company for 2020
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Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. Prepare a balance sheet for this company for 2020 and 2021. (Do not round intermediate calculations.) \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ INGERSOLL, INCORPORATED } \\ \hline \multicolumn{3}{|c|}{ Balance Sheet as of December 31} \\ \hline & 2020 & 2021 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline & & \\ \hline \\ \hline \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{ Total assets }} \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Liabilities \& Equity } \\ \hline \\ \hline \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{ Current liabilities }} \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total liabilities \& owners' equity & & \\ \hline \end{tabular} Prepare an income statement for this company for 2020 and 2021. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)Step by Step Solution
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