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Use the following information for Ingersoll, Inc., (assume the tax rate is 34 percent): 2014 2015 Sales $ 8,135 $ 8,709 Depreciation 1,155 1,156 Cost

Use the following information for Ingersoll, Inc., (assume the tax rate is 34 percent):

2014 2015
Sales $ 8,135 $ 8,709
Depreciation 1,155 1,156
Cost of goods sold 2,726 3,090
Other expenses 669 564
Interest 555 633
Cash 4,139 5,233
Accounts receivable 5,469 6,157
Short-term notes payable 824 776
Long-term debt 13,790 16,350
Net fixed assets 34,755 35,637
Accounts payable 4,376 4,215
Inventory 9,700 9,968
Dividends 986 1,081

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)InterestAdditions to RESalesEBITDividends $ $
(Click to select)Additions to REDividendsEBITCost of goods soldInterest
(Click to select)EBITAdditions to REDividendsInterestOther expenses
(Click to select)DepreciationDividendsInterestEBITAdditions to RE
(Click to select)EBITCost of goods soldOther expensesSalesAdditions to RE $ $
(Click to select)SalesInterestAdditions to REOther expensesCost of goods sold
(Click to select)Cost of goods soldOther expensesEBTInterestSales $ $
(Click to select)TaxesOther expensesAdditions to RESalesCost of goods sold
(Click to select)Net incomeNet loss $ $
(Click to select)DividendsInterestTaxesSalesDepreciation $ $
(Click to select)SalesTaxesInterestDepreciationAdditions to RE

Prepare thebalance 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)Owners' equityNet fixed assetsNotes payableLong-term debtAccounts payableNotes receivableCash $ $
(Click to select)Accounts receivableNet fixed assetsNotes receivableAccounts payableLong-term debtOwners' equityNotes payable
(Click to select)Long-term debtNotes receivableNet fixed assetsAccounts payableInventoryOwners' equityNotes payable
Current assets $ $
(Click to select)InventoryNet fixed assetsNotes payableAccounts receivableCashLong-term debtAccounts payable
Total assets $ $
Liabilities
(Click to select)Notes receivableAccounts receivableAccounts payableNet fixed assetsOwners' equityCashLong-term debt $ $
(Click to select)Accounts receivableNotes payableOwners' equityLong-term debtNet fixed assetsCashNotes receivable
Current liabilities $ $
(Click to select)Accounts payableCashNet fixed assetsNotes receivableNotes payableLong-term debtAccounts receivable
(Click to select)Accounts payableNotes receivableOwners' equityNotes payableNet fixed assetsCashAccounts receivable
Total liabilities & owners' equity $ $

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