Problem 2-22 Financial Statements Use the following information for Ingersoll, Inc., (assume the tax rate is 35 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 2014 8,235 $ 1,165 2,736 679 565 4,149 5,479 834 13,900 34,855 4,396 9,710 996 2015 8,809 1,166 3,100 574 643 5,243 6,167 786 16,450 35,757 4,225 9,978 1,091 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) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) $ (Click to select) (Click to select) (Click to select) Prepare the balance 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) (Click to select) (Click to select) Current assets (Click to select) Total assets Liabilities (Click to select) (Click to select) Current liabilities (Click to select) (Click to select) Total liabilities & owners' equity