Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent):

		2014		2015
Sales	$	8,435	$	9,009
Depreciation		1,185		1,186
Cost of goods sold		2,756		3,120
Other expenses		699		594
Interest		585		663
Cash		4,169		5,263
Accounts receivable		5,499		6,187
Short-term notes payable		854		806
Long-term debt		14,120		16,650
Net fixed assets		35,055		35,997
Accounts payable		4,436		4,245
Inventory		9,730		9,998
Dividends		1,016		1,111

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 REDividendsSalesEBITInterest	$			$
(Click to select)DividendsInterestCost of goods soldEBITAdditions to RE
(Click to select)EBITOther expensesDividendsAdditions to REInterest
(Click to select)Additions to REDividendsDepreciationEBITInterest
(Click to select)EBITCost of goods soldAdditions to RESalesOther expenses	$			$
(Click to select)SalesAdditions to REOther expensesInterestCost of goods sold
(Click to select)SalesCost of goods soldEBTInterestOther expenses	$			$
(Click to select)Other expensesSalesCost of goods soldTaxesAdditions to RE
(Click to select)Net lossNet income	$			$
(Click to select)SalesInterestDividendsDepreciationTaxes	$			$
(Click to select)SalesTaxesInterestAdditions to REDepreciation

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)Accounts payableCashNet fixed assetsLong-term debtOwners' equityNotes payableNotes receivable	$			$
(Click to select)Accounts receivableNotes receivableLong-term debtNotes payableOwners' equityNet fixed assetsAccounts payable
(Click to select)Notes receivableNotes payableOwners' equityAccounts payableInventoryNet fixed assetsLong-term debt
Current assets	$			$
(Click to select)Accounts receivableLong-term debtNet fixed assetsAccounts payableCash InventoryNotes payable
Total assets	$			$
Liabilities
(Click to select)Long-term debtOwners' equityAccounts receivableCashNotes receivableAccounts payableNet fixed assets	$			$
(Click to select)CashLong-term debtAccounts receivableNotes payableOwners' equityNet fixed assetsNotes receivable
Current liabilities	$			$
(Click to select)Notes receivableLong-term debtNet fixed assetsNotes payableAccounts receivableCashAccounts payable
(Click to select)Accounts payableCashOwners' equityNet fixed assetsNotes payableNotes receivableAccounts receivable
Total liabilities & owners' equity	$			$