Chapter 16 Assignment 2019 $16,95 160 $16,85e 8.30 $ 8, sse 3012:34 LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2019 and 2020 2e2e Gross sales $21.60 Sales returns and allowances 989 Net sales $20,700 Cost of merchandise (goods) sold 11.350 Gross profit $9,350 Operating expenses: Depreciation 960 Selling and administrative 4, 15e Research Miscellaneous Total operating expenses $6,500 Income before interest and taxes Interest expense Income before taxes Provision for taxes Net Income $ 730 3. Jee References LOGICO DA Comparative Balance Sheet December 31, 2019 and 20:30 2020 2019 Current sets Accounts receivale Merchandise inter Prepaid expenses $ 13,30 $19.95 17,00 13, see 9.30 15.900 25,300 11. 505,200 $50.00 P ant $ 15.$ 12,300 Total blant and 396, de L current itaotlithesh 10 ilities les payable Chapter 16 Assignment 13 LOGIC COMPANY Comparative Balance Sheet December 31, 2019 and 2028 Assets Current assets: points $ 13.300 17,800 9.Bee le.ee 13, Bee 15,300 11, 3ee $ se, zee Accounts receivable Merchandise inventory Prepaid expenses Total current assets plant and equipment: Building (net) (8 04:54:05 $ 66,200 $ 15,Bee $ 12,3ee 14,800 12360 $ 38,600 $ 22,500 $ 98,332 573309 $ 14, 3e $ 3, 2ee Total plant and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total current liabilities Long-ters liabilities Mortgage note payable Total liabilities stockholders' Equity Common stock Retained earnings Total stockholders e t Total Itilities and stories 23, 30021, Bee $ 22,900 $ 22,200 14.300 557 .000 S 2,300 $23.98 Calculate the acid testrado (Round your answers to the nearest hundredth) 2019