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Use the following information for Ingersoll, Inc., (assume the tax rate is 30 percent): 2013 2014 Sales $ 12,073 $ 13,236 Depreciation 1,671 1,746 Cost

Use the following information for Ingersoll, Inc., (assume the tax rate is 30 percent):

2013 2014
Sales $ 12,073 $ 13,236
Depreciation 1,671 1,746
Cost of goods sold 4,029 4,717
Other expenses 951 829
Interest 800 931
Cash 6,082 6,496
Accounts receivable 8,050 9,457
Long-term debt 20,350 24,661
Net fixed assets 50,910 54,303
Accounts payable 5,580 5,831
Inventory 14,300 15,298
Dividends 1,000 1,628

Prepare a balance sheet for this company for 2013 and 2014. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

INGERSOLL, INC. Balance Sheet as of Dec. 31
2013 2014
Assets
(Click to select) Notes payable Cash Inventory Accounts receivable Accounts payable $ $
(Click to select) Accounts payable Notes payable Accounts receivable Long-term debt Owners' equity
(Click to select) Inventory Net fixed assets Accounts receivable Accounts payable Notes receivable
Current assets $ $
(Click to select) Long-term debt Accounts payable Notes receivable Net fixed assets Accounts receivable
Total assets $ $
Liabilities
(Click to select) Accounts receivable Net fixed assets Long-term debt Accounts payable Cost of goods sold $ $

Current liabilities
(Click to select) Owners' equity Cost of goods sold Long-term debt Cash Accounts receivable
(Click to select) Cost of goods sold Cash Accounts receivable Owners' equity Notes receivable
Total liabilities & owners' equity $ $

Prepare an income statement for this company for 2013 and 2014. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

INGERSOLL, INC. Income Statement
2013 2014
Sales $ $
COGS
Other expenses
Depreciation
EBIT $ $
Interest
EBT
Taxes (30%)
Net income
Dividends $ $
Additions to RE

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