l appnes to th questions displayed below] rt 1 of 2 Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015. 2014, and 2013 ts 2015 2014 2013 Sales Cost of goods sold $429,620 329,124 $228,400 146,176 258,631 207,348 Gross profit Selling expenses Administrative expenses 170.989121.776 82.224 30,149 18,957 61,006 45,419 38666 28.963 99672 74 382 28,963 74.382 47394 Total expenses 49,106 Income before taxes Income taxes 71,317 13.265 33,118 6,723 9,716 Net income $58,052 37678 26,395 KORBIN COMPANY