Question: Complete the comparative income statement and balance sheet for Logic Company. Note: Input all answers as positive values except decrease answers which should be indicated
Complete the comparative income statement and balance sheet for Logic Company.
Note: 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. begintabularccccccc
hline multicolumncLOGIC COMPANY
hline multicolumncComparative Balance Sheet
hline multicolumncDecember and
hline & multicolumnc & multicolumnc
hline & multicolumnrAmount & Percent & & unt & Percent
hline multicolumnlAssets
hline multicolumnlCurrent assets:
hline Cash & $ & & & $ & &
hline Accounts receivable & & & & & &
hline Merchandise inventory & & & & & &
hline Prepaid expenses & & & & & &
hline Total current assets & $ & & & $ & &
hline multicolumnlPlant and equipment:
hline Building net & $ & & & $ & &
hline Land & & & & & &
hline Total plant and equipment & $ & & & $ & &
hline Total assets & $ & & & $ & &
hline multicolumnlLiabilities
hline multicolumnlCurrent liabilities:
hline Accounts payable & $ & & & $ & &
hline Salaries payable & & & & & &
hline Total current liabilities & $ & & & $ & &
hline multicolumnlLongterm liabilities:
hline Mortgage note payable & & & & & &
hline Total liabilities & $ & & & $ & &
hline multicolumnlStockholders Equity
hline Common stock & $ & & & $ & &
hline Retained earnings & & & & & &
hline Total stockholders' equity & $ & & & $ & &
hline Total liabilities and stockholders' equity & $ & & & $ & &
hline
endtabular
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