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Use the following information for Ingersoll, Inc., (assume the tax rate is 21 percent): 2019 2020 Sales $ 11,573 $12,936 Depreciation 1,661 1,736 Cost of
Use the following information for Ingersoll, Inc., (assume the tax rate is 21 percent): 2019 2020 Sales $ 11,573 $12,936 Depreciation 1,661 1,736 Cost of goods sold 3,979 4,707 Other expenses 946 824 Interest 776 926 Cash 6,067 6,466 Accounts receivable 8,034 9,427 Long-term debt 20,320 24,636 Net fixed assets 50,888 54,273 Accounts payable 5,555 5,791 Inventory 14,283 15,288 Dividends 1,411 1,618 Prepare a balance sheet for this company for 2019 and 2020. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) Current assets Assets Total assets I ishilitice INGERSOLL, INC. Balance Sheet as of Dec. 31 2019 2020 Total assets Liabilities Total liabilities & owners' equity Prepare an income statement for this company for 2019 and 2020. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes (21%) Net income Dividends Additions to RE INGERSOLL, INC. Income Statement 2019 2020
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