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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2020 2021 Sales Depreciation Cost of goods sold $

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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2020 2021 Sales Depreciation Cost of goods sold $ 21,573 $18,936 1,861 1,936 4,979 4,907 Other expenses 1,046 924 Interest 895 1,026 Cash 6,367 7,066 Accounts receivable 8,240 10.027 Short-term notes payable 1,370 1,347 Long-term debt 20,920 25,136 Net fixed assets 51,328 54,873 Accounts payable 4,704 5,244 Inventory 14,623 15,488 Dividends 1,950 1,818 Prepare a balance sheet for this company for 2020 and 2021. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) Prepare a balance sheet for this company for 2020 and 2021. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) TACO SWELL, INCORPORATED Balance Sheet as of December 31 Current assets Assets Total assets Liabilities & Equity Current liabilities Total liabilities & owners' equity 2020 2021 87,454 $ 6,591 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 2020 2021 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE

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