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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
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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