Calculating Data in Common-Size and Trend Percents

Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2014, 2013, and 2012 2014 2013 2012 522,542 Sales Cost of goods sold $ 400,310 251,795 277,800 177,792 314,570 Gross profit Selling expenses Administrative expenses 207,972 74,201 47,029 148,515 55,243 35,227 100,008 36,670 23,057 Total expenses 121,230 90,470 59,727 Income before taxes Income taxes 86,742 16,134 58,045 11,899 40,281 8,177 Net income $ 70,608$ 46,146 $32,104 KORBIN COMPANY Comparative Balance Sheets December 31, 2014, 2013, and 2012 2014 2013 2012 Assets Current assets Long-term investments Plant assets, net $ 53,031 0 100,016 $ 41,490$ 55,463 4,510 63,154 1,000 106,124 Total assets $ 153,047$ 148,614 $123,127 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 22,345 68,000 8,500 54,202 $ 22,143 68,000 8,500 49,971 $ 21,547 50,000 5,556 46,024 Total liabilities and equity $ 153,047$ 148,614 $123,127