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Saved 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 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income $533,640 $408,812 $283,700 321,251 257,960 181,568 212,389 150,852 102,132 75,777 56,416 37,448 48,028 35,975 23,547 123,805 92,391 60,995 88,584 58,461 41,137 16,47711,984 8,351 $ 72,107 $ 46,477 32,786 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016 201820 2016 3 Net income $ 72,107 46,477 32,786 art 3 of 3 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016 2018 2017 2016 Assets Current assets Long-term investments Plant assets, net Total assets ints s 52,064 $ 40,734 54,451 3,390 98,192 104,371 63,041 $150,256 $145,905 $120,882 800 eBook Print References Liabilities and Equity Current liabilities Common stock other paid-in capital Retained earnings Total liabilities and equity $ 21,937 21,740 $ 21,154 71,000 71,000 53,000 8,875T 8,875 5,889 48,444 44,290 40,839 $150,256 $145,905 $120,882 K Prev 3 of 5 EEI Next > here to search die Required information KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2018, 2017 and 2016 rt 3 of 3 2018 2017 2016 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 nts 0.75194 100.00196 eBook Print eferences 0.96 0.00 1.56 1.24 0.24 1.66 1.21 100.00 00.00 100.001 % 1.04 1.34 1.51 1.19 1.24 1.03 1.34 1.51 1.08 1.21 100.001 961 100.00 100.00 100.00 100.001 % 94 here to search