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Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent): 2017 2018 Sales $ 14,573 $ 14,736 Depreciation 1,721 1,796

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Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent): 2017 2018 Sales $ 14,573 $ 14,736 Depreciation 1,721 1,796 Cost of goods sold 4,279 4,767 Other expenses 976 854 Interest 825 956 Cash 6,157 6,646 Accounts receivable 8,100 9,607 Short-term notes payable 1,230 1,207 Long-term debt 20,500 24,786 Net fixed assets 51,020 54,453 Accounts payable 4,480 4,824 Inventory 14,385 15,348 Dividends 1,250 1,678 Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) TACO SWELL, INC. Balance Sheet as of Dec. 31 2017 2018 Assets Accounts receivable 8,100 $ 9,607 Cash 6 157 6 646 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.) 2018 14,736.00 4,767.00 Sales COGS Other expenses Depreciation EBIT TACO SWELL, INC. Income Statement 2017 14,573.00 4,279.00 976.00 1,721.00 7,597.00 $ 825.00 6,772.00 $ 854.00 1,796.00 7,319.00 956.00 6,363.00 Interest EBT Taxes Net income Dividends Additions to RE

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