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Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent): 2017 2018 Sales $ 12,573 $ 13,536 Depreciation 1,681 1,756

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Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent): 2017 2018 Sales $ 12,573 $ 13,536 Depreciation 1,681 1,756 Cost of goods sold 4,079 4,727 Other expenses 956 834 Interest 805 936 Cash 6,097 6,526 Accounts receivable 8,060 9,487 Short-term notes 1,190 1,167 payable Long-term debt 20,380 24,686 Net fixed assets 50,932 54,333 Accounts payable 4,416 4,704 Inventory 14,317 15,308 Dividends 1,050 1,638 Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.) TACO SWELL, INC. Income Statement 2017 2018 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE

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