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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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