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Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.
Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.) Use the following information for Taco Swell, Inc. (assume the tax rate is 24 percent): Answer is complete but not entirely correct. 2017 2018 15,573 $15,336 Sales TACO SWELL, INC. 1,741 1,816 Depreciation Cost of goods sold 4,379 4,787 Other expenses Interest Cash Accounts receivable8,120 9,667 Short-term notes Income Statement 2018 864 966 6,187 6,706 986 835 15,336.00 ,787.00 864.00 1.816.00 7,869.00 966.00 6,903.00 2,070.90 4,832.10 $1,350.00 S ,698.00 3,134.10 15,573.00 4379.00 986.00 1741.00 8467.00 835.00 7,632.00 2,289.60 Sales COGS Other expenses 1.250 1227 20,560 24,836 51,064 54,513 4,512 4,884 14,419 15,368 1,350 1,698 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends EBIT Interest EBT Taxes Net income Dividends Additions to RE 5,342,40 X S 3,992.40
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