Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2915 2017 2916 2015 Sales $ 405,544 310,680 215,660 196,350137,984 Cost of goods sold Gross profit selling expenses Administrative expenses Total expenses Income before taxes Income taxes 244,137 161,407 57,587 36,499 94,086 67,321 12,522 77,616 28,459 17,895 46,354 31,262 6,346 114,330 42,874 27,340 Part 1 of 2 44,116 S 54,799 $ 35,972 24,916 12 points KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity s 47,390 37,077 $ 49,563 700 86,669 92,399 54,388 s 134,059 130,176 107,851 Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity s 19,573 19,396 $ 18,874 45,000 5,000 38,977 s 134,059 130,176 S 107,851 63,000 7,875 63,000 7,875 9,905