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Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 2019 $ 18,073 $ 16,836 1,791 1,866 4,629 4,837 1,011 889 860 991 6,262 6,856 8,170 9,817 1,300 1,277 20,710 24.961 51,174 54,663 4,592 5,034 14,504 15,418 1,600 1,748 Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.) Answer is complete but not entirely correct. INGERSOLL, INC. Balance Sheet as of Dec. 31 2018 2019 Assets Cash Accounts receivable Inventory 6,856 9,817 15,418 6,262 $ 8,170 14,504 0 28,936 $ 0 51,17457180 80,110 $ Current assets 32,091 0 Net fixed assets Total assets Liabilities & Equity $ 86,754 Liabilities & Equity Accounts payable Notes payable $ 4,592 1,300 5,034 1,277 $ Current liabilities Long-term debt Owners' equity 5,892 20,710 53,508 6,311 24,961 57,999 X Total liabilities & owners' equity $ 80,110 $ 89,271 Answer is complete but not entirely correct. $ TACO SWELL, INC. Income Statement 2018 $ 18,073.00 4,629.00 1,011.00 1,791.00 10,642.00 860.00 9,782.00 2,934.60 X 6,847.00 $ 1,600.00 5,247.40 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE $ 2019 16,836.00 4,837.00 889.00 1,866.00 9,244.00 991.00 8,253.00 2,475.90 5,777.10 1,748.00 4,029.10 $ $ $ $
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