2 Part 2 of 2 KORDIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 507,682 $ 388,926 $ 269,999 Cost of goods sold 305,625 244,634 172,736 Gross profit 282,057 144,292 97,164 Selling expenses 72,091 53,672 35,627 Administrative expenses 45,691 34,225 22,402 Total expenses 117,782 87,897 58,029 Income before taxes 84,275 56,395 39,135 Income tax expense 15,675 11,561 7,944 Net income $ 68,600 $ 44,834 $ 31, 191 4 points eBook Print References 2018 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 59,570 Long-term investments Plant assets, net 114, 104 Total assets $ 173,674 Liabilities and Equity Current liabilities $ 25,356 Common stock 64,000 Other paid-in capital 8,000 Retained earnings 76,318 Total liabilities and equity $ 173,674 $ 39,870 1,000 103,400 $ 144,270 $ 53,298 4,900 61,339 $ 119,528 $ 21,496 64,000 8,000 50,774 $ 144,270 $ 20,917 46,000 5,111 47,500 $ 119,528 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round answers to 2 decimal places.) WANDIRI CAMARALI Mc Graw Hill hp