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In the image 3 I need the REQUIRED part!! PLEASEEEEE and thank you. The following information applies to the questions displayed belowJ Selected comparative financial
In the image 3 I need the REQUIRED part!! PLEASEEEEE and thank you.
The following information applies to the questions displayed belowJ Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $442,223 338,779 235,100 212,076150,46 266,218 176,005 62,796 39,800 102,596 73,409 13,654 126,703 46,752 29.813 76,565 50,138 10,278 59,755 $ 39,860 27,170 84,636 31,033 19,513 50,546 34,090 6,920 KORBIN COMPANY Camparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets $45,445 35,556 $47,529 3,140 54,846 $ 131,155 127,357105,515 0 700 85,710 91,101 Liabilities and Equity Current liabilities Cammon stock Other paid-in capital Retained earnings Total liabilities and equity $19,149 $18,976$ 18,465 46,000 5,111 35,939 $ 131,155 127,357105,515 64,000 64,000 8,000 40,00636:30 8,000 36,3815593Step by Step Solution
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