KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and. 2015 2015 2017 2016 392,000 $ 300,304 $208,400 Sales Cost of goods sold Gross profit Selling expenses 235,984 189,492133,376 156,016 110,812 75,024 27,509 17,297 55,664 35,280 90,944 41,442 26,427 67,869 42,943 ive xpenses90,280 26, 82917 80 Total expenses Income before taxes Income taxes Net income 30,218 6,134 34,140 $ 24,084 12,103 $ 52,969 8,803 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 20162015 2017 Assets Current assets Long-term investments Plant assets, net 41,508 55,487 ,960 61,502 $ 53,054 500 98,529 105,184 $151,583 $ 147,192 121,949 Total assets Liabilities and Equity Current liabilities Common stock other paid-in capital Retained earnings s22,131 21,932 21,341 73,00073,000 55,000 6,111 39,497 9,125 43,135 9,125 47,327 $ 151,583 $147,192 121,949 Total liabilities and equity Required: 1. Complete the below table to calculate each year's current ratio. atio Current ratio Current ratio Choose Denominator: / oose Numerator: to 1 to 1 to 1 2017 2016 2015