KORBIN COMPANY Comporative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 Sales Cost of goods sold 423,225 254,781 s 324,.225 225.000 144,000 202,965 Gross profit Selling expenses Administrative expenses 168,444 60,093 38,090 121,260 44,743 28,532 81.000 29,700 18,675 Total expenses 98.133 73,275 48,375 Income before taxes Income toxes 70,256 13,063 32,625 6,623 47,985 9,837 Net income $ 57188 38148 26.002 KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments Plant assets, net $ 54.454 $ 42.604 $ 56,951 3.020 63,957 1100 105,877 99,589 Total assets $ 154.043 S 149,581 $ 123,928 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained eornings 21,687 $ 22,490 64,000 8,000 59,553 22,288 64,000 8,000 55,293 46,000 51.130 $ 123,928 Total liabilities and equity S 154,043 S 149,581