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Use the information below to prepare an Income Statement and Balance Sheet for 2011 & 2012. Also include a 40% tax rate expense on your

Use the information below to prepare an Income Statement and Balance Sheet for 2011 & 2012. Also include a 40% tax rate expense on your pretax income.

2011 2012
Sales $4,203 $4,507
Cost of Goods Sold 2,422 2,633
Depreciation 785 952
Interest 180 196
Dividends 225 250
Current Assets 2,205 2,429
Net fixed Assets 7,344 7,650
Current Liabilities 1,003 1,255
Long-Term debt 3,106 2,085

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