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, 2019 and 2020 Increase (Decrease) Amount Percent 2020 19,000 $ 1,000 18,000 $ 12,000 6,000 $ 2019 15,000 100 14,900 9,000 5,900 $ $ Gross sales Sales returns and allowances Net sales Cost of merchandise (goods) sold Gross profit Operating expenses: Depreciation Selling and administrative Research Miscellaneous Total operating expenses Income before interest and taxes Interest expense Income before taxes Provision for taxes Net income $ 700 $ 2,200 550 360 3,810 $ 2,190 $ 560 1,630 $ 640 990 $ 600 2,000 500 300 3,400 2,500 500 2,000 800 1,200 $ $ CA LOGIC COMPANY Comparative Balance Sheet December 31, 2019 and 2020 2020 Amount Percent 2019 Amount Percent $ $ 12,000 16,500 8,500 24,000 61,000 9,000 12,500 14,000 10,000 45,500 $ $ $ HA 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 26,000 47,000 89,000 21,000 12,000 33,000 65,500 $ $ $