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Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): 2017 2018 $ 21,573 $18,936 1,861 4,979 1,046 895 Sales
Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): 2017 2018 $ 21,573 $18,936 1,861 4,979 1,046 895 Sales Depreciation Cost of goods sold Other expenses 1,936 4,907 924 1,026 7,066 10,027 Interest Cash 6,367 8,240 Accounts receivable Short-term notes 1,370 1,347 payable Long-term debt Net fixed assets 25,136 54,873 5,244 15,488 1,818 51,328 4,704 14,623 1,950 Accounts payable Inventory Dividends 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 Current assets Net fixed assets $ 87,454 Total assets Liabilities & Equity Accounts payable Notes payable $ Current liabilities 6,591 Owners' equity Total liabilities & owners' equity
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