(Answered) Use the following information for ingersoll inc assume the

Accounting

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.)

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