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Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 Sales $ 15,573 $ 15,336 Depreciation 1,741 1,816

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

2014 2015
Sales $ 15,573 $ 15,336
Depreciation 1,741 1,816
Cost of goods sold 4,379 4,787
Other expenses 986 864
Interest 835 966
Cash 6,187 6,706
Accounts receivable 8,120 9,667
Short-term notes payable 1,250 1,227
Long-term debt 20,560 24,836
Net fixed assets 51,064 54,513
Accounts payable 4,512 4,884
Inventory 14,419 15,368
Dividends 1,350 1,698

Prepare a balance sheet of this company for 2014 and 2015. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

TACO SWELL, INC. Balance Sheet as of Dec. 31
2014 2015
Assets
(Click to select)Notes payableInventoryAccounts receivableCashAccounts payable $ $
(Click to select)Long-term debtAccounts receivableAccounts payableOwners' equityNotes payable
(Click to select)Notes receivableAccounts receivableInventoryNet fixed assetsAccounts payable
Current assets $ $
(Click to select)Accounts receivableNotes receivableLong-term debtNet fixed assetsAccounts payable
Total assets $ $
Liabilities
(Click to select)Net fixed aseetsAccounts payableCost of goods soldLong-term debtAccounts receivable $ $
(Click to select)Accounts receivableNotes payableAccounts payableNotes receivableCash
Current liabilities $ $
(Click to select)Long-term debtOwners' equityAccounts receivableCost of goods soldCash
(Click to select)Accounts receivableCost of goods soldNotes receivableOwners' equityCash
Total liabilities & owners' equity $ $

Prepare an income statement for this company for 2014 and 2015. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all amounts as positive values.)

TACO SWELL, INC. Income Statement
2014 2015
Sales $ $
COGS
Other expenses
Depreciation
EBIT $ $
Interest
EBT $ $
Taxes (30%)
Net income $ $
Dividends $ $
Additions to RE

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