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Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent. 2020 2021 Sales $ 19,073 $ 17,436 Depreciation 1,811 1,886 Cost

Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent.

2020 2021
Sales $ 19,073 $ 17,436
Depreciation 1,811 1,886
Cost of goods sold 4,729 4,857
Other expenses 1,021 899
Interest 870 1,001
Cash 6,292 6,916
Accounts receivable 8,190 9,877
Short-term notes payable 1,320 1,297
Long-term debt 20,770 25,011
Net fixed assets 51,218 54,723
Accounts payable 4,624 5,094
Inventory 14,538 15,438
Dividends 1,700 1,768

Prepare a balance sheet for this company for 2020 and 2021. (Do not round intermediate calculations.)

Prepare an income statement for this company for 2020 and 2021. (Enter all answers as positive values. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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