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 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