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Use the following information for Taco Swell, Inc., assume the tax rate is 30 percent 201 2015 Sales 17,073 $16,236 Depreciation 1,771 1,846 Cost of
Use the following information for Taco Swell, Inc., assume the tax rate is 30 percent 201 2015 Sales 17,073 $16,236 Depreciation 1,771 1,846 Cost of goods sold 4,529 4.817 Other expenses 1,001 879 98 nteres 850 Cash 6,232 6,796 Accounts receivable 8.150 9.757 Short-term notes payable 1,280 1,257 Long-term debt 20,650 24,911 Net fixed assets 51.130 54.603 Accounts payable 4,560 4,974 Inventory 14,470 15,398 Dividends 1.500 728 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 015 Assets Click to select) Click to select Click to select) Current assets Click to selec Total assets Liabilities (Click to select) Click to select) Current liabilities (Click to select) (Click to select) 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
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