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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

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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 Accounts receivable Short-term notes ayable Long-term debt Net fixed assets Accounts payable nventory Dividends 2017 2018 $ 20,073 $18,036 1,831 1,906 4,829 4,877 1,031 09 880 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 Cash Accounts receivable Inventory 6,322 $ 8,210 14,572 6,976 9,937 15,458 Current assets $ 29,104 $ 32,371 51,262 54783 80,366 $ $ 87,154 Net fixed assets Total assets Liabilities & Equity Notes payable Accounts payable $ 1,340 $ 4,656 1,317 5,154 5,996 $ 20,830 6,471 25,061 Current liabilities Long-term debt Owners' equity 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.) Sales COGS Other expenses Depreciation EBIT TACO SWELL, INC. Income Statement 2017 $ 20,073.00 $ 4,829.00 1,031.00 1,831.00 $ 12,382.00 $ 880.00 $ 11,502.00 $ 241,542.00 $ 908,658.00 $ $ 1,800.00 $ 7.286.58 2018 18,036.00 4,877.00 909.00 1,906.00 10,344.00 1,011.00 9,333.00 195,993.00 737,307.00 1,788.00 5,585.07 Interest EBT Taxes Net income Dividends Additions to RE

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