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Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts

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Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 2019 $ 13,573 $ 14,136 1,701 1,776 4,179 4,747 966 844 815 946 6,127 6,586 8,080 9,547 1,210 1,187 20,440 24,736 50,976 54,393 4,448 4,764 14,351 15,328 1,150 1,658 Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.) Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.) INGERSOLL, INC. Balance Sheet as of Dec. 31 2018 7 2019 $ $ Assets Cash Accounts receivable Inventory 6,127 8,080 14,351 6,586 9,547 15,328 Current assets $ 85,854 Total assets Liabilities & Equity Current liabilities $ 5,951 Total liabilities & owners' equity

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