Please do not give solution in image format thanku Use the following information for Ingersoll, Inc., (assume the tax rate is 25 percent):SalesDepreciationCost of goods soldOther expensesInterestCashAccounts receivableLong-term debtNet fixed assetsAccounts payableInventoryDividends20192020$21,073 $18,636Assets1,8514,9291,0418906,3528,23020,89051,3066,04814,6061,9001,9264,8979191,0217,0369,99725,11154,8436,55115,4781,808Prepare a balance sheet for this company for 2019 and 2020. (Do not roundintermediate calculations. Be sure to list the accounts in order of their liquidity.)INGERSOLL, INC.Balance Sheet as of Dec. 3120192020

The balance sheet is a summary of permanent accounts prepared at the end of the accounting period.…

Use the following information for Ingersoll, Inc.. (assume the tax rate is 25 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2019 2020 $21,073 $18,636 1,851 4,929 1,041 890 6,352 8,230 20,890 51,306 6,048 14,606 1,900 1,926 4,897 919 1,021 7,036 9,997 25,111 54,843 6,551 15,478 1,808 Prepare a balance sheet for this company for 2019 and 2020. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

Use the following information for Ingersoll, Inc.. (assume the tax rate is 25 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2019 2020 $21,073 $18,636 1,851 4,929 1,041 890 6,352 8,230 20,890 51,306 6,048 14,606 1,900 1,926 4,897 919 1,021 7,036 9,997 25,111 54,843 6,551 15,478 1,808 Prepare a balance sheet for this company for 2019 and 2020. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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