Complete the comparative income statement and balance sheet for Logic Company. (Input all answers as positive values except decrease answers which should be indicated by a minus sign. Round your "percent" answers to the nearest hundredth percent.)

LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017
					INCREASE (DECREASE)
	2017		2016		Amount	Percent
Gross sales	$	23,800	$	18,600	$
Sales returns and allowances		1,000		100
Net sales	$	22,800	$	18,500	$
Cost of merchandise (goods) sold		10,800		7,200
Gross profit	$	12,000	$	11,300	$
Operating expenses:
Depreciation	$	1,180	$	840	$
Selling and administrative		5,800		4,400
Research		1,030		740
Miscellaneous		840		540
Total operating expenses	$	8,850	$	6,520	$
Income before interest and taxes	$	3,150	$	4,780	$
Interest expense		1,040		740
Income before taxes	$	2,110	$	4,040	$
Provision for taxes		844		1,616
Net income	$	1,266	$	2,424	$

LOGIC COMPANY Comparative Balance Sheet December 31, 2016 and 2017
	2017			2016
	Amount		Percent	Amount		Percent
Assets
Current assets:
Cash	$	11,100		$	8,100
Accounts receivable		15,600			11,600
Merchandise inventory		7,600			13,100
Prepaid expenses		23,100			9,100
Total current assets	$	57,400		$	41,900
Plant and equipment:
Building (net)	$	13,600		$	10,200
Land		12,600			8,100
Total plant and equipment	$	26,200		$	18,300
Total assets	$	83,600		$	60,200
Liabilities
Current liabilities:
Accounts payable	$	12,100		$	6,100
Salaries payable		6,100			4,100
Total current liabilities	$	18,200		$	10,200
Long-term liabilities:
Mortgage note payable		21,100			19,600
Total liabilities	$	39,300		$	29,800
Stockholders Equity
Common stock	$	20,100		$	20,100
Retained earnings		24,200			10,300
Total stockholders equity	$	44,300		$	30,400
Total liabilities and stockholders equity	$	83,600		$	60,200