9 Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 Part 2 of 2 12 points Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Skipped Net income 2017 2016 2015 $ 461,221 $ 353,333 $ 245,200 277,655 223,306 156,928 183,566 130,027 88,272 65,493 48,760 32,366 41,510 31,093 20,352 107,003 79,853 52,718 76,563 50,174 35,554 14,241 10,286 7,217 $ 62,322 $ 39,888 $ 28,337 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2017 2016 2015 $ 55,381 99,749 $ 43,329 1,000 106,308 $ 57,921 $ 155,130 $ 150,637 3,820 63,062 $ 124,803 $ 22,649 $ 22,445 $ 21,841 67,000 8,375 67,000 8,375 49,000 5,444 57,106 52,817 48,518 $ 155,130 $ 150,637 $ 124,803 9 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.) Part 2 of 2 12 points Assets KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 Current assets % % 100.00 % Skipped Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock Other paid-in capital 100.00 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 %