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Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. 2018 2019 Sales $ 16,073 $ 15,636 Depreciation 1,751 1,826 Cost

Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent.

2018 2019
Sales $ 16,073 $ 15,636
Depreciation 1,751 1,826
Cost of goods sold 4,429 4,797
Other expenses 991 869
Interest 840 971
Cash 6,202 6,736
Accounts receivable 8,130 9,697
Short-term notes payable 1,260 1,237
Long-term debt 20,590 24,861
Net fixed assets 51,086 54,543
Accounts payable 4,528 4,914
Inventory 14,436 15,378
Dividends 1,400 1,708

Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.)

Prepare an income statement for this company for 2018 and 2019. (Enter all answers as positive values. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. )

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