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

		2014		2015
Sales	$	9,235	$	9,809
Depreciation		1,265		1,266
Cost of goods sold		2,836		3,200
Other expenses		779		674
Interest		665		743
Cash		4,249		5,343
Accounts receivable		5,579		6,267
Short-term notes payable		934		886
Long-term debt		15,000		17,450
Net fixed assets		35,855		36,957
Accounts payable		4,596		4,325
Inventory		9,810		10,078
Dividends		1,096		1,191

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)Additions to REEBITSalesDividendsInterest	$			$
(Click to select)InterestDividendsCost of goods soldAdditions to REEBIT
(Click to select)DividendsInterestOther expensesEBITAdditions to RE
(Click to select)DividendsInterestEBITDepreciationAdditions to RE
(Click to select)EBITAdditions to RESalesOther expensesCost of goods sold	$			$
(Click to select)Cost of goods soldOther expensesAdditions to RESalesInterest
(Click to select)InterestSalesEBTOther expensesCost of goods sold	$			$
(Click to select)Additions to RESalesTaxesOther expensesCost of goods sold
(Click to select)Net incomeNet loss	$			$
(Click to select)DepreciationSalesTaxesInterestDividends	$			$
(Click to select)TaxesSalesDepreciationInterestAdditions to RE

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
(Click to select)Notes payableAccounts payableCashNotes receivableNet fixed assetsOwners' equityLong-term debt	$			$
(Click to select)Accounts payableNotes payableAccounts receivableNotes receivableLong-term debtNet fixed assetsOwners' equity
(Click to select)Notes receivableNotes payableLong-term debtInventoryNet fixed assetsAccounts payableOwners' equity
Current assets	$			$
(Click to select)Accounts payableInventoryLong-term debtAccounts receivableNet fixed assetsCash Notes payable
Total assets	$			$
Liabilities
(Click to select)Long-term debtAccounts payableNotes receivableCashNet fixed assetsAccounts receivableOwners' equity	$			$
(Click to select)CashLong-term debtNet fixed assetsOwners' equityAccounts receivableNotes receivableNotes payable
Current liabilities	$			$
(Click to select)Notes receivableLong-term debtNotes payableCashAccounts payableAccounts receivableNet fixed assets
(Click to select)Accounts receivableNet fixed assetsCashNotes payableNotes receivableOwners' equityAccounts payable
Total liabilities & owners' equity	$			$