art 2 of 2 Required information Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow 2015 274,000 175,368 Gross profit Comparative Income statements For Years Ended December 31, 2017, 2016, and 2015 2016 $ 515,394 394,8M Cost of poods sold 310, 267 249,99 205,127 144,984 Selling expenses 73,186 54, 4R7 Administrative expenses 46,385 14,745 Total expenses 119,571 89,232 Income before taxes 85,556 55,672 Income taxes 15,913 11,413 $ 69,643 $ 44,259 .168 8,918 39,730 8.865 11,665 References $ KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 $ 46,545 $ 16,416 $ 48,679 37.784 $ 136,329 93,122 $ 130,438 54,749 108,068 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 $ 19.612 $ $ 18.912 19,435 62. M.712 $ 100,268 $ 134,329 $ 110,48 Problem 13-2A Part 2 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places..) KORBIN COMPANY Common Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Net Income