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Looking for assistance to create a balance sheet and income
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Looking for assistance to create a balance sheet and income statement. The order of the balance sheet and income statement is needed


Use the following information for Ingersoll, Inc., (assume the tax rate is 40

 

percent):

 


 

2014

 


 

2015

 


 

$8,435

 


 

$9,009

 


 

Depreciation

 


 

1,185

 


 

1,186

 


 

Cost of goods sold

 


 

2,756

 


 

3,120

 


 

Other expenses

 


 

699

 


 

594

 


 

Interest

 


 

585

 


 

663

 


 

Cash

 


 

4,169

 


 

5,263

 


 

Accounts receivable

 


 

5,499

 


 

6,187

 


 

Short-term notes payable

 


 

854

 


 

806

 


 

Long-term debt

 


 

14,120

 


 

16,650

 


 

Net fixed assets

 


 

35,055

 


 

35,997

 


 

Accounts payable

 


 

4,436

 


 

4,245

 


 

Inventory

 


 

9,730

 


 

9,998

 


 

Dividends

 


 

1,016

 


 

1,111

 


 

Sales

 


 

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.)

 


 

Prepare the balance sheet for this company for 2014 and 2015. (Do not round intermediate

 

calculations. Be sure to list the accounts in order of their liquidity.)

 


 

 







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