Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $ 517,087 $396,131 $274,900 Cost of goods sold 311,286 251,543 175,936 Gross profit 205,801 144,588 98,964 Selling expenses 73,426 54,666 36,287 Administrative expenses 34,860 22,817 Total expenses 119,964 89,526 59,104 Income before taxes 85,837 55,062 39,860 Income tax expense 15,966 11,288 8,092 Net income $ 69,871 $ 43,774 $ 31,768 IN COMPAR Sheet 2016 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016 2018 2017 2016 Assets Current assets $ 52,060 $ 40,731 $ 54,448 Long-term investments 0 900 3,690 Plant assets, net 98,186 104,264 62,736 Total assets $ 150,246 $ 145,895 $120,874 Liabilities and Equity Current liabilities $ 21,936 $ 21,738 $ 21, 153 Common stock 69,000 69,000 51,000 Other paid-in capital 8,625 5,667 Retained earnings 50,685 46,532 43,054 Total liabilities and equity $ 150,246 $ 145,895 $120, 874 8,625 3. Complete the below table to calculate the balance sheet data in trend percents with 2016 as the base year. (Round y nercentage answers to 2 decimal places) Retained earnings Total liabilities and equity 8.625 50,685 $ 150,246 B525 46,532 $145,895 5,667 43,054 $120,874 3. Complete the below table to calculate the balance sheet data in trend percents with 2016 as the base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2018, 2017 and 2016 2018 2017 2016 Assets Current assets % 100.00 % Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 100.00 100.00 % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earnings 100.00 100.00 % Total liabilities and equity %