Prepare and income statement

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Reference no: EM131101285

Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2014 2015 Sales $ 8,035 $ 8,609 Depreciation 1,145 1,146 Cost of goods sold 2,716 3,080 Other expenses 659 554 Interest 545 623 Cash 4,129 5,223 Accounts receivable 5,459 6,147 Short-term notes payable 814 766 Long-term debt 13,680 16,250 Net fixed assets 34,655 35,517 Accounts payable 4,356 4,205 Inventory 9,690 9,958 Dividends 976 1,071 Prepare and income statement 2014 & 2015 and Balance Sheet ending Dec 31.

Reference no: EM131101285

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