Question

Problem 2-22 Financial Statements Use the following information for Ingersoll, Inc., (assume the tax rate is 35 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 2014 8,235 $ 1,165 2,736 679 565 4,149 5,479 834 13,900 34,855 4,396 9,710 996 2015 8,809 1,166 3,100 574 643 5,243 6,167 786 16,450 35,757 4,225 9,978 1,091 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 (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) $

Answer 1

Ob1917 (a) h\) Nef income Mode) (357) 3326 (643) 396q_ LD कम OS.2007 (05-180 Oboe (599 599€ (59)।) (b)) (१६..) 5६८8 का Pudways anosis 1583 လယ@bd (११।। (57५) (3100) sold expenses other goods of cost sales fafficulars b088 2015 Inc. Ingersoll

Statement of Retained farmings. particulars Beginning balance (d) Ned income les dividend paid Ending balance solu 0 2008.50 996 1012050 2015 10250 2161.90 1091 2033.40 Ingersoll Inc. 2014 bhin Balance sheet of Particular) Asseds cash Accounts receivable Inventory ned fixed Assets Total essets nie -5479 9710 34855 54193 5243 6167 ११४ 35357 57145 a ५396 4225 834 13 900 Liabilities Accounts payable Shoot form rotes Payable Long toom debts Total liabilities common stock (618) * Retained farrings Toted liabilities Ę Share holdeos EQuily 19130 786 16450 21461 33600.6 203.40 52145 34050.50 1012.50 5413 og Comoron stork - fasnings Total area spitained - reifel liabilities