LUMOT LUCR Other paid-in capital Retained earnings Total liabilities and equity 10,000 10,00 8,750 8,750 43,617 39,656 $ 143,287 $139,137 24,000 5,778 37,324 $ 115,275 3. Complete the below table to calculate the balance sheet data in trend percents with 2016 as the base year. (Round your percentage answers to 2 decimal places.) 50 KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2018, 2017 and 2016 2018 2017 2016 Assets Current assets % 34.00% 100.00 % 100.00 Long-term investments Plant assets, net 100.00 100.00 % % % Total assets Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earnings 100.00 100.00 % % Total liabilities and equity Saved He Required information [The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $405,920 $ 310,968 $215,800 Cost of goods sold 244,364 195,910 138, 112 Gross profit 161,556 115,058 77,688 Selling expenses 57,641 42,914 28,486 Administrative expenses 36,533 27,365 17,911 Total expenses 94,174 70, 279 46,397 Income before taxes 67, 382 44,779 31,291 Income tax expense 12,533 9, 180 6,352 Net income $ 54,849 $ 35,599 $ 24,939 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016 2018 2017 2016 Assets Current assets $ 49,649 $ 38,844 $ 51,926 Long-term investments 400 4,930 Plant assets, net 93,638 99,893 58,419 Total assets $ 143,287 $ 139, 137 $115,275 Liabilities and Equity Current liabilities $ 20,920 $ 20,731 $ 20,173 Common stock 70,000 70,000 52,000 Other paid-in capital 8,750 8,750 5,778 Retained earnings 43,617 39,656 37,324 Total liabilities and equity $ 143,287 $ 139,137 $115,275