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KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 52,390 $ 37,924 $ 51,748 Long-term investments
KORBIN COMPANY | |||||||||
Comparative Balance Sheets | |||||||||
December 31, 2019, 2018, and 2017 | |||||||||
2019 | 2018 | 2017 | |||||||
Assets | |||||||||
Current assets | $ | 52,390 | $ | 37,924 | $ | 51,748 | |||
Long-term investments | 0 | 500 | 3,950 | ||||||
Plant assets, net | 100,000 | 96,000 | 60,000 | ||||||
Total assets | $ | 152,390 | $ | 134,424 | $ | 115,698 | |||
Liabilities and Equity | |||||||||
Current liabilities | $ | 22,800 | $ | 19,960 | $ | 20,300 | |||
Common stock | 72,000 | 72,000 | 60,000 | ||||||
Other paid-in capital | 9,000 | 9,000 | 6,000 | ||||||
Retained earnings | 48,590 | 33,464 | 29,398 | ||||||
Total liabilities and equity | $ | 152,390 | $ | 134,424 | $ | 115,698 | |||
3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.)
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