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Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. 2018 2019 Sales $ 13,573 $ 14,136 Depreciation 1,701 1,776 Cost

Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent.

2018 2019
Sales $ 13,573 $ 14,136
Depreciation 1,701 1,776
Cost of goods sold 4,179 4,747
Other expenses 966 844
Interest 815 946
Cash 6,127 6,586
Accounts receivable 8,080 9,547
Short-term notes payable 1,210 1,187
Long-term debt 20,440 24,736
Net fixed assets 50,976 54,393
Accounts payable 4,448 4,764
Inventory 14,351 15,328
Dividends 1,150 1,658

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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