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Required information [The following information applies to the questions displayed belowj Selected comparative financial statements of Korbin Company follow: KOFBIN COMPANY Comparative Income Statements For
Required information [The following information applies to the questions displayed belowj Selected comparative financial statements of Korbin Company follow: KOFBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 $410, 999 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 247, 421 163, 578 58, 362 36, 990 95, 352 68, 226 12, 690 $314, 859218, 500 139, 840 78, 660 28, 842 18, 136 46, 978 31, 682 6, 431 25, 251 197, 102 117, 757 43, 451 27, 708 71, 159 46, 598 9, 553 $55, 53637, 045 KORBIN COMPANY Compar ative 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 eamings Total liabilities and equity $47, 082 $36, 836 49, 241 4, 350 55, 724 109, 315 700 88, 797 $135, 879 94, 407 $131, 943 $19, 838 66, 000 $19, 660 19, 130 48, 000 5, 333 36, 852 109, 315 66, 000 8, 250 41, 791 $135, 879 8, 250 38, 033 $131, 943 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.)
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