KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 2015 2017 $ 243,200 155,648 $ 457,459 275,390 182,069 64,959 41,171 106,130 75,939 14,125 $ 61,814 $ 41,512 $ 28,105 $ 350,451 219,032 131,419 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes 87,552 32,102 20,186 52,288 48,362 30,840 79,202 52,217 10,705 35,264 7,159 Income taxes Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2016 2017 2015 Assets $ 51,191 4,660 55,542 $ 48,946 0 38,294 600 Current assets Long-term investments Plant assets, net 89,515 $ 138,461 $ 134,451 95,557 $111,393 Total assets Liabilities and Equity Current liabilities $ 20,215 $ 20,033 19,494 71,000 8,875 34,543 53,000 5,889 33,010 Common stock 71,000 8,875 38,371 Other paid-in capital Retained earnings $ 138,461 $134,451 $ 111,393 Total liabilities and equity KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2015 2016 2017 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income % % % 96 98 98