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KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets 49,111

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KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets 49,111 $ 38,424 51,363 4,330 56,976 138,929 134,905 111,769 1,000 95,481 89,818 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 20,284 20,101 19,566e 45,000 5,000 42, 209 138,929 $ 134,905 $ 111,769 63,000 7,875 47,770 63,0e0 4 7,875 43,929 2 Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to decimal places.) KORBIN COMPAN Common Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2015 2017 2016 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income

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