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Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 20172016 2015 235,984 189,492 133,376 41,442 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes $392,000 $300,304 $208,400 55, 664 35,280 27,509 26,427 6,134 8,803 12,103 s 52,969 34,140 24,084 Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 015 $53,054 $41,508 55,487 Current assets Long-term investments 500 105,184 4,960 98,529 61,502 $151.583 $147,192 $ 121,949 Total assets Liabilities and Equity Current liabilities Common stock other paid-in capital Retained earnings Total liabilities and equity s 22,131 21,932 21,341 73,000 55,000 73,000 47,327 43, 135 39,497 $ 151,583 $147,192 $121,949 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 2015 2017 Sales Cost of goods sold Gross profit Decenber 31, 2017, 2016, and 2015 2017 s 53,054 41,508 500 Current assets Long-term investments 55,487 4,960 98.529 105,184 61,502 $ 151,583 $147,192 $121,949 Total assets Liabilities and Equity Current liabilities Conmon stock other paid-in capital Retained earnings $ 22,131 $ 21,932 $ 21,341 55,000 6,111 43,135 39.497 $ 151,583 147,192 $121,949 73,000 9,125 47,327 73,000 9,125 43,135 Total liabilities and equity 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2015 2016 2017 Sales Cost of goods sold Total expenses