Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent):

		2011		2012
Sales	$	9,335	$	9,909
Depreciation		1,275		1,276
Cost of goods sold		2,846		3,210
Other expenses		789		684
Interest		675		753
Cash		4,259		5,353
Accounts receivable		5,589		6,277
Short-term notes payable		944		896
Long-term debt		15,110		17,550
Net fixed assets		35,955		37,077
Accounts payable		4,616		4,335
Inventory		9,820		10,088
Dividends		1,106		1,201

Prepare an income statement for this company for 2011 and 2012. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

Ingersoll, Inc., Income Statement
		2011			2012
(Click to select)EBIT/Interest/Sales/Additions to RE/Dividends	$			$
(Click to select)Additions to RE/Dividends/Interest/EBIT/Cost of goods sold
(Click to select)EBIT/Other expenses/Dividends/Interest/Additions to RE
(Click to select)Depreciation/Additions to RE/EBIT/Dividends/Interest
(Click to select)Cost of goods sold/Additions to RE/Sales/Other expenses/EBIT	$			$
(Click to select)Cost of goods sold/Other expenses/Interest/Sales/Additions to RE
(Click to select)Other expenses/Interest/Sales/EBT/Cost of goods sold	$			$
(Click to select)Other expenses/Taxes/Additions to RE/Cost of goods sold/Sales
(Click to select)Net loss/Net income	$			$
(Click to select)Taxes/Dividends/Sales/Interest/Depreciation	$			$
(Click to select)Depreciation/Interest/Sales/Additions to RE/Taxes

Prepare a balance sheet of this company for 2011 and 2012. (Do not round intermediate calculations.Be sure to list the accounts in order of their liquidity.)

Prepare a balance sheet of this company for 2011 and 2012. (Be sure to list the accounts in order of their liquidity.)

Ingersoll, Inc. Balance Sheet as of Dec. 31
		2011			2012
Assets
(Click to select)Notes payable/Accounts payable/Long-term debt/Notes receivable/Net fixed assets/Owners' equity/Cash	$			$
(Click to select)Long-term debt/Owners' equity/Notes payable/Accounts receivable/Net fixed assets/Notes receivable/Accounts payable
(Click to select)Long-term debt/Owners' equity/Notes payable/Inventory/Accounts payable/Notes receivable/Net fixed assets
Current assets	$			$
(Click to select)Long-term debt/Inventory/Accounts receivable/Cash/ Notes payable/Net fixed assets/Accounts payable
Total assets	$			$
Liabilities
(Click to select)Accounts receivable/Accounts payable/Long-term debt/Cash/Owners' equity/Notes receivable/Net fixed assets	$			$
(Click to select)Notes payable/Long-term debt/Notes receivable/Cash/Net fixed assets/Owners' equity/Accounts receivable
Current liabilities	$			$
(Click to select)Long-term debt/Notes payable/Notes receivable/Accounts payable/Net fixed assets/Accounts receivable/Cash
(Click to select)Accounts payable/Net fixed assets/Cash/Owners' equity/Notes payable/Notes receivable/Accounts receivable
Total liabilities & owners' equity	$			$