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 Sales cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $555, 000 $340, 000 $278, 000 283, 500 212,500 153,900 271, 500 127,500 124, 100 102, 900 46,920 50, 800 29, 920 22, 800 73, 600 117,932 50, 660 50, 500 40, 800 10, 370 15, 670 $77,132 $4.29 $ 34,830 50, 668 153, 568 76, 840 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2016 2015 Assets Current assets Long-term investments Plant assets, net 52,390 37,924 $ 51,748 3, 950 96, 00060, 000 $152, 390 $134, 424 $115, 698 0 100, 000 500 Total assets Liabilities and Equity Current liabilities Common stock ther paid-in capital Retained earnings Total liabilities and equity $ 22, 800 19,960 20, 300 72, 000 72, 000 60, 000 6, 000 48, 590 33, 464 29, 398 $152, 390 $134,424 $115, 698 9, 000 9, 000 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31. 2017 2016 and 2015 Homework i Required information Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 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 eamings Total liabilities and equity 100.001% 100.00 100.00 100 00 | % 100 001% 100.00 100.00 00.00 100 00% 1%