Question: I'm missing a few things and I can't figure out whart I'm doing wrong... I've included what I've got for the answer to this below.
I'm missing a few things and I can't figure out whart I'm doing wrong... I've included what I've got for the answer to this below.
| Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent): |
| 2014 | 2015 | |||
| Sales | $ | 7,935 | $ | 8,509 |
| Depreciation | 1,135 | 1,136 | ||
| Cost of goods sold | 2,706 | 3,070 | ||
| Other expenses | 649 | 544 | ||
| Interest | 535 | 613 | ||
| Cash | 4,119 | 5,213 | ||
| Accounts receivable | 5,449 | 6,137 | ||
| Short-term notes payable | 804 | 756 | ||
| Long-term debt | 13,570 | 16,150 | ||
| Net fixed assets | 34,555 | 35,397 | ||
| Accounts payable | 4,336 | 4,195 | ||
| Inventory | 9,680 | 9,948 | ||
| Dividends | 966 | 1,061 | ||
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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.) Ingersoll, Inc., Income Statement 2014 2015 Sales Cost of goods sold Other expenses Depreciation 8,509 3,070 544 1,136 7,935 $ 2,706 649 1,135 (Click to select) Interest 535 613 (Click to select) Taxes 1,019 1,101 Net income 1,892 $ 2,045 Dividends 966 $ 1,061 Additions to RE
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