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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent): 2020 2021 Sales $12,073 $13,236 Depreciation 1,671 1,746 Cost
Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent): 2020 2021 Sales $12,073 $13,236 Depreciation 1,671 1,746 Cost of goods sold 4,029 4,717 Other expenses 951 829 Interest 800 931 Cash 6,082 6,496 Accounts receivable 8,050 9,457 Short-term notes payable 1,180 1,157 Long-term debt 20,350 24,661 Net fixed assets 50,910 54,303 Accounts payable 4,400 4,674 Inventory 14,300 15,298 Dividends 1,000 1,628 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.) Current assets Total assets Assets TACO SWELL, INCORPORATED Balance Sheet as of December 31 2020 2021 $ 85,554 Liabilities & Equity Current liabilities Total liabilities & owners' equity $ 5,831 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 12,073.00 2021 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE
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