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Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2014 2015 Sales $ 9,435 $ 10,009 Depreciation 1,285 1,286 Cost

Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent):

2014 2015
Sales $ 9,435 $ 10,009
Depreciation 1,285 1,286
Cost of goods sold 2,856 3,220
Other expenses 799 694
Interest 685 763
Cash 4,269 5,363
Accounts receivable 5,599 6,287
Short-term notes payable 954 906
Long-term debt 15,220 17,650
Net fixed assets 36,055 37,197
Accounts payable 4,636 4,345
Inventory 9,830 10,098
Dividends 1,116 1,211

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)EBIT, Additions to RE, Dividends, Interest, Sales $ $
(Click to select)Interest, Cost of goods sold, Additions to RE, EBIT, Dividends
(Click to select)Additions to RE, EBIT, Interest, Dividends, Other expenses
(Click to select)Additions to RE, Dividends, EBIT, Interest, Depreciation
(Click to select)Cost of goods sold, Sales, Other expenses, EBIT, Additions to RE $ $
(Click to select)Cost of goods sold, Additions to RE, Sales, Other expenses, Interest
(Click to select)Cost of goods sold, Interest, EBT, Sales, Other expenses $ $
(Click to select)Cost of goods sold, Sales, Additions to RE, Taxes, Other expenses
(Click to select)Net income, Net loss $ $
(Click to select)Depreciation, SalesInterest, Dividends, Taxes $ $
(Click to select)Sales, Additions to RE, Interest, Depreciation, Taxes

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)Notes payable, CashAccounts payable, Notes receivable, Long-term debt, Owners' equity, Net fixed assets $ $
(Click to select)Notes receivable, Net fixed assets, Notes payable, Long-term debt, Accounts payable, Owners' equity, Accounts receivable
(Click to select)Owners' equity, Long-term debt, Net fixed assets, Accounts payable, Notes payable, Inventory, Notes receivable
Current assets $ $
(Click to select)Notes payable, Net fixed assets, Accounts receivable, Inventory, Long-term debt, Cash Accounts payable
Total assets $ $
Liabilities
(Click to select)Cash, Accounts payable, Accounts receivable, Owners' equity, Notes receivable, Net fixed assets, Long-term debt $ $
(Click to select)Cash, Notes payable, Owners' equity, Notes receivable, Net fixed assets, Long-term debt, Accounts receivable
Current liabilities $ $
(Click to select)Notes payable, Long-term debt, Cash, Accounts payable, Notes receivable, Accounts receivable, Net fixed assets
(Click to select)Notes payable, Notes receivable, Cash, Net fixed assets, Accounts payable, Accounts receivable, Owners' equity
Total liabilities & owners' equity $ $

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