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)EBITSalesAdditions to REInterestDividends	$			$
(Click to select)InterestAdditions to RECost of goods soldEBITDividends
(Click to select)EBITInterestAdditions to REDividendsOther expenses
(Click to select)DividendsDepreciationInterestEBITAdditions to RE
(Click to select)Other expensesSalesCost of goods soldEBITAdditions to RE	$			$
(Click to select)InterestSalesAdditions to REOther expensesCost of goods sold
(Click to select)Cost of goods soldOther expensesEBTSalesInterest	$			$
(Click to select)Cost of goods soldAdditions to REOther expensesTaxesSales
(Click to select)Net incomeNet loss	$			$
(Click to select)DepreciationInterestTaxesSalesDividends	$			$
(Click to select)TaxesInterestSalesAdditions to REDepreciation

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' equityAccounts payableCashNotes receivableNotes payableLong-term debtNet fixed assets	$			$
(Click to select)Net fixed assetsLong-term debtOwners' equityNotes receivableAccounts payableNotes payableAccounts receivable
(Click to select)InventoryLong-term debtNet fixed assetsNotes payableAccounts payableNotes receivableOwners' equity
Current assets	$			$
(Click to select)Notes payableInventoryCashLong-term debtAccounts payableNet fixed assetsAccounts receivable
Total assets	$			$
Liabilities
(Click to select)Notes receivableAccounts payableNet fixed assetsOwners' equityCashLong-term debtAccounts receivable	$			$
(Click to select)Long-term debtOwners' equityCashNotes receivableNet fixed assetsNotes payableAccounts receivable
Current liabilities	$			$
(Click to select)Accounts payableLong-term debtNotes payableCashNotes receivableNet fixed assetsAccounts receivable
(Click to select)Notes receivableOwners' equityNet fixed assetsCashAccounts receivableNotes payableAccounts payable
Total liabilities & owners' equity	$			$

References eBook & Resources WorksheetSection: 2.1 The Balance SheetDifficulty: 2 IntermediateSection: 2.2 The Income Statement