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 $ 392,941 $301,025 $208,900 133,696 75,204 27,575 17,339 44,914 30,290 6,149 $ 53,096 $35,179 $ 24,141 236,550 156,391 55,798 35,365 91,163 65,228 12,132 188,743 112,282 41,541 26,490 68,031 44,251 9,072 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Totalassets $ 53,076 41,526$ 55,510 3,360 65,620 $154,741 $150,259 124,490 900 107,833 101,665 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 22,592 22,389 21,786 46,000 5,111 51,593 $154,741 $150,259 124,490 64,000 8,000 60,149 64,000 8,000 55,870 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 2017 2016 2015 100.001 % Sales Cost of goods sold Gross proft Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 100.00% 100.001%