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Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 421,344 $ 322,784 $ 224,000 Cost of goods sold 253,649 204,645 143, 360 Gross profit 167,695 118,139 80, 640 Selling expenses 59,831 44,544 29,568 Administrative expenses 37,921 28,405 18,592 Total expenses 97,752 72,949 48,160 Income before taxes 69,943 45,190 32,480 Income taxes 13,009 9,264 6,593 Net income $ 56,934 $ 35,926 $ 25,887 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 46,550 $ 36,420 $ 48,685 Long-term investments 0 800 4,100 Plant assets, net 86,451 91,929 54,215 Total assets $ 133,001 $ 129, 149 $ 107,000 Liabilities and Equity Current liabilities $ 19,418 $ 19,243 $ 18,725 Common stock 64,000 64,000 46,000 Other paid-in capital 8,000 8,000 5,111 Retained earnings 41,583 37,906 37,164 Total liabilities and equity $ 133,001 $ 129, 149 $ 107,000 Problem 17-2A Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base y percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 Assets 100.00 % 100.00 100.00 100.00 % 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 100.00 % 100.00 100.00 100.00 100.00%