Problem $2-21$ Financial Statements

Use the following information for Ingersoll, Incorporated. Assume the tax rate is $23$ percent.

$20202021$

Sales $ $15,073$ $ $15,036$

Depreciation $1,7311,806$

Cost of goods sold $4,3294,777$

Other expenses $981859$

Interest $830961$

Cash $6,1726,676$

Accounts receivable $8,1109,637$

Short$-$term notes payable $1,2401,217$

Long$-$term debt $20,53024,811$

Net fixed assets $51,04254,483$

Accounts payable $4,4964,854$

Inventory $14,40215,358$

Dividends $1,3001,688$

Prepare a balance sheet for this company for $2020$ and $2021.($Do not round intermediate calculations.$)$

Prepare an income statement for this company for $2020$ and $2021.($Enter all answers as positive values. Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$