KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 Sales. Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 2017 $486,427 2016 $372,643 2015 $258,600 292,829 233,647 165,504 193,598 138,996 93,096 69,073 51,425 34,135 43,778 32,793 21,464 112,851 84,218 55,599 80,747 54,778 37,497 15,019 $ 65,728 $ 43,549 $ 29,885 11,229 7,612 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock 2016 $ 47,870 0 86,219 $134,089 $ 130,205 $ 37,452 700 92,053 $ 19,577 65,000 $ 19,401 65,000 Other paid-in capital 8,125 Retained earnings 41,387 8,125 37,679 Total liabilities and equity $134,089 $ 130,205 2015 $ 50,065 3,570 54,240 $107,875 $ 18,878 47,000 5,222 36,775 $107,875