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Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 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 2017 2018 $ 16,549 $ 18,498 2,376 2,484 5,690 6,731 1,353 1,178 1,110 1,325 8,676 9,247 11,488 13,482 1,674 1,641 29,060 35,229 72,770 77,610 6,269 6,640 20,424 21,862 1,979 2,314 Prepare a balance sheet for this company for 2017 and 2018. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) TACO SWELL, INC., Balance Sheet as of Dec. 31 2017 2018 Assets Current assets Total assets Liabilities Current liabilities Total liabilities & owners' equity Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Input all amounts as positive values.) TACO SWELL, INC. Income Statement 2017 2018 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes (21%) Net income Dividends Additions to RE
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