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Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent) 20102011 Sales Depreciation Cost of goods sold Other expenses Interest

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Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent) 20102011 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 $17,073 $16,236 1,846 4,817 879 981 6,796 9,757 1,257 20,650 24,911 51,130 54,603 4,974 14,470 15,398 1,728 1,771 4,529 1,001 850 6,232 8,150 1,280 4,560 1,500 Prepare a balance sheet of this company for 2010 and 2011. (Be sure to list the accounts in order of their liquidity.)

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