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Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. 2018 2019 Sales $ 16,073 $ 15,636 Depreciation 1,751 1,826 Cost
Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. 2018 2019 Sales $ 16,073 $ 15,636 Depreciation 1,751 1,826 Cost of goods sold 4,429 4,797 Other expenses 991 869 Interest 840 971 Cash 6,202 6,736 Accounts receivable 8,130 9,697 Short-term notes 1,260 1,237 payable Long-term debt 20,590 24,861 Net fixed assets 51,086 54,543 Accounts payable 4,528 4,914 Inventory 14,436 15,378 Dividends 1,400 1,708 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 2019 Assets Current assets 86,354 Total assets Liabilities & Equity Prepare an income statement for this company for 2018 and 2019. (Enter all answers as positive values. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) TACO SWELL, INC. Income Statement 2018 2019 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE
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