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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 $ 20,073 $18,036 1,831 1,906 4,829 4,877 1,031 909 880 1,011 6,322 6,976 8,210 9,937 1,340 1,317 20,830 25,061 51,262 54,783 4,656 5,154 14,572 15,458 1,800 1,788 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 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 87,154 Total assets Liabilities & Equity $ 6,471 Current liabilities 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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