Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. Sales Depreciation...

  

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Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. 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 2020 2021 $7,616 $8,174 1,094 2,621 Assets 621 510 3,994 4,387 772 1,094 2,975 519 587 5,058 5,955 725 13,083 15,601 33,490 35,144 4,195 4,068 9,400 9,660 929 1,022 Prepare a balance sheet for this company for 2020 and 2021. (Do not round intermediate calculations.) INGERSOLL, INCORPORATED Balance Sheet as of December 31 2020 2021 Prepare an income statement for this company for 2020 and 2021. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE INGERSOLL, INCORPORATED Income Statement 2020 $ 7,616.00 $ 2,621.00 621.00 1,094.00 510.00 929.00 $ 2021 8,174.00 (2,975.00) 519.00 1,094.00 587.00 1,022.00 Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. 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 2020 2021 $7,616 $8,174 1,094 2,621 Assets 621 510 3,994 4,387 772 1,094 2,975 519 587 5,058 5,955 725 13,083 15,601 33,490 35,144 4,195 4,068 9,400 9,660 929 1,022 Prepare a balance sheet for this company for 2020 and 2021. (Do not round intermediate calculations.) INGERSOLL, INCORPORATED Balance Sheet as of December 31 2020 2021 Prepare an income statement for this company for 2020 and 2021. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE INGERSOLL, INCORPORATED Income Statement 2020 $ 7,616.00 $ 2,621.00 621.00 1,094.00 510.00 929.00 $ 2021 8,174.00 (2,975.00) 519.00 1,094.00 587.00 1,022.00

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1 The income statement for the years 2020 and 202... View the full answer