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Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 $ 16,073 1,751 4,429 991 840 6,202 Sales Depreciation
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 $ 16,073 1,751 4,429 991 840 6,202 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 $ 15,636 1.826 4,797 869 971 6,736 9,697 1,237 24,861 54,543 4,914 15,378 1,708 1,260 20,590 51,086 4,528 14,436 1,400 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 Current assets 86,354 Total assets Liabilities & Equity Current liabilities $ 6,151 Total liabilities & owners' equity 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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