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Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. Sales Depreciation Cost of goods sold OtAnswer is complete but not entirely correct. INGERSOLL, INC. Balance Sheet as of Dec. 31 2018 2019 Assets Cash Accounts receiLiabilities & Equity Accounts payable Notes payable $ 4,592 1,300 5,034 1,277 $ Current liabilities Long-term debt Owners eqAnswer is complete but not entirely correct. $ TACO SWELL, INC. Income Statement 2018 $ 18,073.00 4,629.00 1,011.00 1,791.00

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TACO SWELL, INC
Income statement
2018 2019
Sales 18073 16836
COGS 4629 4837
other expenses 1011 889
Depreciation 1791 1866
EBIT 10642 9244
Interest 860 991
EBT 9782 8253
Taxes 2054 1733
Net Income 7728 6520
Dividends 1600 1748
Additions to RE 6128 4772
INGERSOLL, INC
Balance sheet as of Dec 31
Assets 2018 2019
Cash 6262 6856
Accounts receivable 8170 9817
Inventory 14504 15418
Current assets 28936 32091
Net Fixed assets 51174 54663
Total assets 80110 86754
Accounts payable 4592 5034
Short term notes payable 1300 1277
Current liabilities 5892 6311
Long term debt 20710 24961
Owners equity 53508 55482
Total liabilities and shareholders equity 80110 86754
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