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Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent) 2017 2018 Sales $ 21,073 $ 18,636 Depreciation 1,851 1,926

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Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent) 2017 2018 Sales $ 21,073 $ 18,636 Depreciation 1,851 1,926 Cost of goods sold 4,929 4,897 Other expenses 1.041 919 Interest 890 1,021 Cash 6,352 7,036 Accounts receivable 8,230 9,997 Short-term notes 1,360 1,337 payable Long-term debt 20,890 25,111 Net fixed assets 51,306 54,843 Accounts payable 4,688 5,214 Inventory 14,606 15,478 Dividends 1,900 1,808 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 Accounts payable Cash Inventory

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