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Selected comparative financial statements of Korbin Company follow: 222,4 25, 72 4e,771 52,112 120,993 87 , eee s: , OEI rnc Statements For Ended December 31, 2017, 2016, and 215 Sales Cost Of goods sold Gross profit Selling expenses A&inistrative expenses Total expenses Inc"e before taxes Inc taxes Net income a17. $ 418,334 251.837 166,497 59 , 37 6s 97 e53 69 , 444 12 917 $ 56,527 216 $ 320,478 117,295 44, 226 28 202 72,428 44,867 9 198 $ 35,669 Comparative Balance Sheets December 31, 2.17, 2e16, Assets Current assets Long-term inve;tment5 Plant assets, net Total ssetS Liabilities and Equity Current C stock Other Retained earning: Total end and 201S 2017 232 14s,e3g 2eJ5 336 142 8e,64 29,357 18 459 47.816 32,248 6 , 546 ze16 1, zea 068 s 21, 760 54, sez 4,67e 61 822 21,174 49, ee 375 45 S i 20,293