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	$	19,200	$	15,150	$
Sales returns and allowances		900		100
Net sales	$	18,300	$	15,050	$
Cost of merchandise (goods) sold		11,950		8,950
Gross profit	$	6,350	$	6,100	$
Operating expenses:
Depreciation	$	720	$	610	$
Selling and administrative		2,350		2,100
Research		570		510
Miscellaneous		380		310
Total operating expenses	$	4,020	$	3,530	$
Income before interest and taxes	$	2,330	$	2,570	$
Interest expense		580		510
Income before taxes	$	1,750	$	2,060	$
Provision for taxes		700		824
Net income	$	1,050	$	1,236	$

LOGIC COMPANY Comparative Balance Sheet December 31, 2016 and 2017
	2017			2016
	Amount		Percent	Amount		Percent
Assets
Current assets:
Cash	$	12,100		$	9,100
Accounts receivable		16,600			12,600
Merchandise inventory		8,600			14,100
Prepaid expenses		24,100			10,100
Total current assets	$	61,400		$	45,900
Plant and equipment:
Building (net)	$	14,600		$	11,100
Land		13,600			9,100
Total plant and equipment	$	28,200		$	20,200
Total assets	$	89,600		$	66,100
Liabilities
Current liabilities:
Accounts payable	$	13,100		$	7,100
Salaries payable		7,100			5,100
Total current liabilities	$	20,200		$	12,200
Long-term liabilities:
Mortgage note payable		22,100			20,600
Total liabilities	$	42,300		$	32,800
Stockholders Equity
Common stock	$	21,100		$	21,100
Retained earnings		26,200			12,200
Total stockholders equity	$	47,300		$	33,300
Total liabilities and stockholders equity	$	89,600		$	66,100