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

		2014		2015
Sales	$	9,835	$	10,409
Depreciation		1,325		1,326
Cost of goods sold		2,896		3,260
Other expenses		839		734
Interest		725		803
Cash		4,309		5,403
Accounts receivable		5,639		6,327
Short-term notes payable		994		946
Long-term debt		15,560		18,050
Net fixed assets		36,455		37,857
Accounts payable		4,716		4,385
Inventory		9,870		10,138
Dividends		1,156		1,251

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
	$			$
	$			$
	$			$
	$			$
	$			$

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
	$			$
Current assets	$			$
Total assets	$			$
Liabilities
	$			$
Current liabilities	$			$
Total liabilities & owners' equity	$			$

References

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