Question
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales$16,549$18,498 Depreciation2,3762,484 Cost of goods sold5,6906,731 Other expenses1,3531,178
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent):
2017 2018
Sales$16,549$18,498
Depreciation2,3762,484
Cost of goods sold5,6906,731
Other expenses1,3531,178
Interest1,1101,325
Cash8,6769,247
Accounts receivable11,48813,482
Short-term notes payable1,6741,641
Long-term debt29,06035,229
Net fixed assets72,77077,610
Accounts payable6,2696,640
Inventory20,42421,862
Dividends1,9792,314
Create a balance sheet forthis company for 2017 and 2018.(Be sure to list the accounts in order of their liquidity.Do not round intermediate calculations.)
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