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Use the following information for Taco Swell, Inc, (assume the tax rate is 21 percent evi 2017 .2018-tel Sales Depreciation Cost of goods sold Other expenses Interest $18,073 $16,836 1,791 1,866 4,837 ,011 889 991 6,2626,856 4,629 860 Cash Accounts receivable 8,170 9,817 Short-term notes 1,300 1,277 payable Long-term debt Net fxed assets Accounts payable4,592 5,034 Inventory Dividend:s 20,710 24,961 51174 54,663 14,504 15,418 1,6001,748Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.) TACO SWELL, INC Balance Sheet as of Dec. 31 2017 2018 Assets Current assets Total assets $86,754 Liabilities & Equit Current liabilities $6,311 Total liabilities & owners equity2018. (Do not rounc Prepare a balance sheet for this company for 2017 and Intermediate calculations.) TACO SWELL, INC. Balance Sheet as of Dec. 31 2017 2018 Assets Current assets Total assets 86,754 Liabilities & Equity Current liabliities 6,311 Total liabilities & owners equity

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Home nert Page Layout Formulas Data Review View dd-Ins s Cut aCopy Σ AutoSum ー E ゴWrap Text B า 프 . Ej- a-Δ. : rーー 逻锂函Merge & Center. $ % , to: Paste Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard BD134 AZ Font Alignment Number BA BC BD BE BG BI BJ 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 TACO SWELL, INC. Income Statement LESS LESS LESS COGS Other expenses Depreciation 2017 18073 4629 1011 1791 2018 16836 4837 889 1866 EBIT nterest 10642 9244 991 LESS 860 EBT Taxes (21%) 9782 2054.22 8253 1733.13 LESS Net income 7727.78 6519.87 LESS Dividends 1600.00 6127.78 1748.00 Additions to RE 4771.87 ASH BUDGET BV MV ratio VARIANCE BEP, OL FL ratios B-S t loss SALES BUDGET DİFF ANALYSIS overhead float | ORDER E -LI erences: EX23 06:20 18-01-2019Home nert Page Layout Formulas Data Review View dd-Ins Cut E AutoSum ー E ゴWrap Text Paste Sort &Find & チFormat Painter B l U. ㄧ˙ タ.Δ. -=- 還便困Merge & Center. $,%,,Ma conditional Format Cell Insert Delete Format Formatting, as Table w styles. Styles 2 ClearFe Select Editing ▼ ㆆ ▼ Clipboard BH171 BA Font BC BE BF BG BH BI BJ 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 BALANCESHEET ASSETS CURRENT ASSETS CASH ACCOUNTS RECEIVABLE INVENTORY TOTAL CURRENT ASSETS 2017 2018 LIABILITIES 2017 2018 CURRENT LIABILITIES 6262.00 8170.00 14504.00 28936.00 6856.00 ACCOUNTS PAYABLE 9817.00 SHORT TERM NOTES 4592.005034.00 1300.00 1277.00 5892.00 6311 15418.00 TOTAL CURRENT LIABILITIES 32091.00 LONG TERM DEBT 20710.00 24961.00 TOTAL LIABILITIES 26602.00 31272. FIXED ASSETS FIXED ASSETS (GROSS) LESS: ACCUMULATED DEPRECIATION NET FIXED ASSETS 52965.00 1791.00 51174.00 56529.00 OWNERS EQUITY 1866.00 RETAINED EARNINGS 54663.00 TOTAL OWNERS EQUITY 47380.22 50710.13 6127.78 4771.87 53508.00 55482.00 TOTAL LIABILITIES TOTAL ASSETS 80110.00 86754.00 AND OWNERS EQUITY 80110.00 86754.00 FOR 2017 RETAINED EARNINGS 6127.78 SO OWNERS EQUITY TOTAL ASSETS - TOTAL LIABILITIES - RETAINED EARNINGS 172 FOR 2018 SAME WAY , CASH BUDGET . bud get 45 days cycle ROE, BV MV O VARIANCE, BEP, OL FL at s B-S profit loss . SALES BUDGET dupont DIFF ANALYSIS overhead float ORDERI .. 18-01-2019

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