LOGIC COMPANY

Comparative Balance Sheet

December 31,2019 and 2020

2020 2019 Amount Percent Amount Percent $ $ 12,000 16,500 8,500 24,000 61,000 9,000 12,500 14,000 10,000 45,500 $ $ $ 14,500 13,500 28,000 89,000 11,000 9,000 20,000 65,500 $ $ $ $ Assets Current assets: Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment Building (net) Land Total plant and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total current liabilities Long-term liabilities: Mortgage note payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ $ 13,000 7,000 20,000 7,000 5,000 12,000 $ $ 22,000 42.000 20,500 32,500 $ $ $ $ 21,000 12,000 21,000 26,000 47,000 89,000 $ $ $ 33,000 65,500 $