Use the following information for Taco Swell, Incorporated, (assume the tax rate is 22 percent): 2020 2021 Sales $16,573 $15,936 Depreciation 1,761 1,836 Cost of goods sold 4,479 4,807 Other expenses 996 874 Interest 845 976 Cash 6,217 6,766 Accounts receivable 8,140 9,727 Short-term notes payable 1,270 1,247 Long-term debt 20,620 24,886 Net fixed assets 51,108 54,573 Accounts payable Inventory Dividends 4,544 4,944 14,453 15,388 1,450 1,718 Assets Cash Accounts receivable Inventory Current assets Net fixed assets TACO SWELL, INCORPORATED Balance Sheet as of December 31 2020 2021 $ 6,217 $ 6,766 8,140 9,727 14,453 15,388 $ 28,810 $ 31,881 51,108 54,573 69 79,918 $ 86,454 Total assets Liabilities & Equity Notes payable SA Accounts payable 1,270 $ 1,247 4,544 4,944 Current liabilities 69 Long-term debt Owners' equity $ 5,814 $ 6,191 20,620 24,886 53,484 Total liabilities & owners' equity $ 31,608 $ 35,165 Prepare an income statement for this company for 2020 and 2021. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.) TACO SWELL, INCORPORATED Income Statement Sales COGS 2020 $ 2021 16,573.00 $ (4,479.00) 15,936.00 (4,807.00) Other expenses (996.00) (874.00) Depreciation (1,761.00) (1,836.00) EBIT $ 9,337.00 $ 8,419.00 Interest (845.00) (976.00) EBT $ 8,492.00 $ 7,443.00 Taxes 1,868.24 1,637.46 Net income $ 6,623.76 $ 5,805.54 Dividends $ 1,450.00 $ 1,718.00 Additions to RE 5,173.76 4,087.54