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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

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

20142015
Sales$9,835 $10,409
Depreciation1,325 1,326
Cost of goods sold2,896 3,260
Other expenses839 734
Interest725 803
Cash4,309 5,403
Accounts receivable5,639 6,327
Short-term notes payable994 946
Long-term debt15,560 18,050
Net fixed assets36,455 37,857
Accounts payable4,716 4,385
Inventory9,870 10,138
Dividends1,156 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.)

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