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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

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 Balance Sheet December 31, 2014 and 2015
2015 2014
Amount Percent Amount Percent
Assets
Current assets:
Cash $ 11,800 $ 8,800
Accounts receivable 16,300 12,300
Merchandise inventory 8,300 13,800
Prepaid expenses 23,800 9,800
Total current assets $ 60,200 $ 44,700
Plant and equipment:
Building (net) $ 14,300 $ 10,900
Land 13,300 8,800
Total plant and equipment $ 27,600 $ 19,700
Total assets $ 87,800 $ 64,400
Liabilities
Current liabilities:
Accounts payable $ 12,800 $ 6,800
Salaries payable 6,800 4,800
Total current liabilities $ 19,600 $ 11,600
Long-term liabilities:
Mortgage note payable 21,800 20,300
Total liabilities $ 41,400 $ 31,900
Stockholders Equity
Common stock $ 20,800 $ 20,800
Retained earnings 25,600 11,700
Total stockholders equity $ 46,400 $ 32,500
Total liabilities and stockholders equity $ 87,800 $ 64,400

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