Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2014 2015 Sales $ 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 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 $ $ $ $ $ $ $ $ $ $ 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.) Ingersoll, Inc. Balance Sheet as of Dec. 31 2014 2015 Assets $ $ Current assets $ $ Total assets $ $ Liabilities $ $ Current liabilities $ $ Total liabilities & owners’ equity $ $