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2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 3. Complete the below

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.)

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[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow:

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and 2015
2017 2016 2015
Sales $ 440,342 $ 337,338 $ 234,100
Cost of goods sold 265,086 211,511 149,824
Gross profit 175,256 125,827 84,276
Selling expenses 62,529 46,553 30,901
Administrative expenses 39,631 29,686 19,430
Total expenses 102,160 76,239 50,331
Income before taxes 73,096 49,588 33,945
Income taxes 13,596 10,166 6,891
Net income $ 59,500 $ 39,422 $ 27,054

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
2017 2016 2015
Assets
Current assets $ 53,155 $ 41,588 $ 55,593
Long-term investments 0 1,100 3,100
Plant assets, net 97,214 103,326 62,280
Total assets $ 150,369 $ 146,014 $ 120,973
Liabilities and Equity
Current liabilities $ 21,954 $ 21,756 $ 21,170
Common stock 68,000 68,000 50,000
Other paid-in capital 8,500 8,500 5,556
Retained earnings 51,915 47,758 44,247
Total liabilities and equity $ 150,369 $ 146,014 $ 120,973

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