Use the following information for Taco Swell, Inc., (assume the tax rate is 34 percent):

Draw up an income statement and balance sheet for this company for 2001 and 2002.

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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 2001 $2,870 413 987 238 192 1,505 1,992 291 5,040 12,621 1,581 3,542 350 2002 $3,080 413 1,121 196 221 1,539 2,244 273 5,880 12,922 1,533 3,640 385