KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $ 504,860 386,764 $ 268,400 171.776 96,624 35,429 22,277 57,706 38,918 7,900 $ 68,219 43,662 31,018 303,926 200,934 71,690 45,437 117,127 83,807 244,435 142,329 53,373 34,035 87,408 54,921 15,588 11,259 1300 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets $ 49,557 38,772 51,829 3,960 55.888 $138,815 $134,794 $111,677 700 95,322 89,258 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 20,267 20,084 19,543 52,000 5,778 34,356 $ 138,815 $134,794 $111,677 70,000 8,750 35,960 70,000 8,750 39,798 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2016 2017 2015 Assets 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 100.001 % 100.00 100.00 100.001 % 100.001 % 100.00 100.00 100.00 100.001 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income