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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2020 2021 Sales Depreciation $ 21,573 $18,936 1,861 1,936

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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2020 2021 Sales Depreciation $ 21,573 $18,936 1,861 1,936 Cost of goods sold 4,979 4,907 Other expenses Interest 1,046 924 895 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.) Current assets Assets TACO SWELL, INCORPORATED Balance Sheet as of December 31 2020 2021 Total assets $ 87,454 Liabilities & Equity Current liabilities Total liabilities & owners' equity $ 6,591

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