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Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts

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Use the following information for Ingersoll, Inc., (assume the tax rate is 40 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 2015 $ 9,435 $10,009 1,285 1,286 2,856 3,220 799 694 685 763 4,269 5,363 5,599 6,287 954 906 15,220 17,650 36,055 37197 4,636 4,345 9,830 10,098 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., 3216.) Ingersoll, Inc., Income Statement 2014 2015 Sales Cost of goods sold Other expenses Depreciation

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