Use the following information for ingersoll inc assume the, Ask an Expert

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Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2014 2015 Sales $ 9,035 $ 9,609 Depreciation 1,245 1,246 Cost of goods sold 2,816 3,180 Other expenses 759 654 Interest 645 723 Cash 4,229 5,323 Accounts receivable 5,559 6,247 Short-term notes payable 914 866 Long-term debt 14,780 17,250 Net fixed assets 35,655 36,717 Accounts payable 4,556 4,305 Inventory 9,790 10,058 Dividends 1,076 1,171 Prepare an income statement for this company for 2014 and 2015.

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