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Use the following information for Riverside Market, Inc., (assume the tax rate is 30 percent): 2010 2011 Sales $ 18,073 $ 16,836 Depreciation 1,791 1,866

Use the following information for Riverside Market, Inc., (assume the tax rate is 30 percent):

2010 2011
Sales $ 18,073 $ 16,836
Depreciation 1,791 1,866
Cost of goods sold 4,629 4,837
Other expenses 1,011 889
Interest 860 991
Cash 6,262 6,856
Accounts receivable 8,170 9,817
Short-term notes payable 1,300 1,277
Long-term debt 20,710 24,961
Net fixed assets 51,174 54,663
Accounts payable 4,592 5,034
Inventory 14,504 15,418
Dividends 1,600 1,748

1)Prepare a balance sheet of this company for 2010 and 2011. (Be sure to list the accounts in order of their liquidity.)

2) Prepare an income statement for this company for 2010 and 2011.

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