KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,401 132,608 Gross profit 155, 118 110,174 74,592 Selling expenses 55,344 41,203 27, 350 Administrative expenses 35,077 26,275 | 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,044 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016 2018 2017 2016 Assets Current assets $ 49,298 $ 38,563 $ 51,550 Long-term investments 600 4,850 Plant assets, net 92,961 98,968 58,042 Total assets $142,251 $138, 131 $114,442 Liabilities and Equity Current liabilities $ 20,769 $ 20,582 $ 20,027 Common stock 65,000 65,000 47,000 Other paid in capital 8,125 8,125 5,222 Retained earnings 48,357 44,424 42,193 Total liabilities and equity $142,251 $138,131 $114,442 KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2018, 2017 and 2016 2018 2017 2016 Assets 100.00 % 100.00 100.00 100.00 % % Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 % 100.00 100.00 100.00 100.00 %