Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent):
|
|
|
2014
|
|
2015
|
|
Sales
|
$
|
8,435
|
$
|
9,009
|
|
Depreciation
|
|
1,185
|
|
1,186
|
|
Cost of goods sold
|
|
2,756
|
|
3,120
|
|
Other expenses
|
|
699
|
|
594
|
|
Interest
|
|
585
|
|
663
|
|
Cash
|
|
4,169
|
|
5,263
|
|
Accounts receivable
|
|
5,499
|
|
6,187
|
|
Short-term notes payable
|
|
854
|
|
806
|
|
Long-term debt
|
|
14,120
|
|
16,650
|
|
Net fixed assets
|
|
35,055
|
|
35,997
|
|
Accounts payable
|
|
4,436
|
|
4,245
|
|
Inventory
|
|
9,730
|
|
9,998
|
|
Dividends
|
|
1,016
|
|
1,111
|
|
Prepare an income statement for this company for 2014 and 2015. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)
Prepare the balance sheet for this company for 2014 and 2015. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)