Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent):

Prepare an income statement for this company for 2010 and 2011. (Round your answers to 2 decimal places. (e.g., 32.16))

Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2010 2011 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 20,65024,911 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