KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2014, 2013, and 2012
			2014				2013				2012
Sales		$	484,358			$	371,058			$	257,500
Cost of goods sold			291,584				232,282				164,800
Gross profit			192,774				138,776				92,700
Selling expenses			68,779				51,206				33,990
Administrative expenses			43,592				32,653				21,373
Total expenses			112,371				83,859				55,363
Income before taxes			80,403				54,917				37,337
Income taxes			14,955				11,258				7,579
Net income		$	65,448			$	43,659			$	29,758

KORBIN COMPANY

Comparative Balance Sheets

December 31, 2014, 2013, and 2012

2014

2013

2012

Assets

Current assets

$

48,055

$

37,597

$

50,259

Long-term investments

0

600

3,870

Plant assets, net

89,246

95,127

56,330

Total assets

$

137,301

$

133,324

$

110,459

Liabilities and Equity

Current liabilities

$

20,046

$

19,865

$

19,330

Common stock

66,000

66,000

48,000

Other paid-in capital

8,250

8,250

5,333

Retained earnings

43,005

39,209

37,796

Total liabilities and equity

$

137,301

$

133,324

$

110,459

Complete the below table to calculate income statement data in common-size percents. (Round your answers to 2 decimal places.)

Complete the below table to calculate the balance sheet data in trend percents with 2012 as the base year. (Round your answers to 2 decimal places.)