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, 2017, 2016, and 2015 2017 2016 2015 474,764 $ 363,708 230,591 133,117 50,192 32,006 82,198 e,919 10,438 $ 64, 152 $. 40,481 252,400 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 285,808 188,956 67,416 42,729 110,145 78,811 14,659 161,536 90,864 33,317 20,949 54, 266 36,598 7,429 29,169 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 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 48,244 37,745 $ 50,456 3,210 700 89,595 95,4025/-240 57,226 $. 137,839 133,847 110,892 $20,124$19,943 19,406 52,000 5,778 70,000 8,750 70,000 8,750 38,96535,1543700 33, 788 $ 137,839 133,847 110,892 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 2015 2017 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income