Question: help please i was lost uiz A LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2017 and 2018 2018 2017 $21,200 $16,650 800

uiz A LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2017 and 2018 2018 2017 $21,200 $16,650 800 100 $20,400 $16,550 11,450 8,400 $ 8,950 $ 8,150 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 920 $ 710 3,850 3,100 770 610 580 410 $ 6,120 $ 4,830 $ 2,830 $ 3,320 780 610 $ 2,050 $ 2,710 820 1,084 $ 1,230 $ 1,626 4:57 LOGIC COMPANY Comparative Balance Sheet December 31, 2017 and 2018 2018 2017 $13,100 $10,100 17,600 13,600 9,600 15,100 25,100 11,100 $65,400 $49,900 $15,600 $12,100 14,600 10,100 $30,200 $ 22,200 $95,600 $72,100 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 $14,100 $ 8,100 8,100 6,100 $22,200 $14,200 23,100 21,600 $45,300 $35,800 $22,100 $22,200 28,200 14,100 $50,300 $36,300 $95,600 $72,100 Calculate net income (after tax) to the net sales, (Round your answers to the nearest hundredth. 2018 2017 Net income to net sales
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