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 $ 479,843 $ 367,599 $ 255,100 Cost of goods sold 288,865 229,749 163,264 Gross profit 190,978 137,850 91,836 Selling expenses 68,138 50,729 33,673 Administrative expenses 43,186 32,349 21,173 Total expenses 111,324 83,078 54,846 Income before taxes 79,654 54,772 36,990 Income taxes 14,816 11,228 7,509 Net income $ 64,838 $ 43,544 $ 29,481 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 50,330 $ 39,377 $ 52,638 Long-term investments 0 1,100 3,970 Plant assets, net 96,406 102,009 61,442 Total assets $ 146,736 $ 142,486 $ 118,050 Liabilities and Equity Current liabilities $ 21,423 $ 21,230 $ 20,659 Common stock 72,000 72,000 54,000 Other paid-in capital 9,000 9,000 6,000 Retained earnings 44,313 40,256 37,391 Total liabilities and equity $ 146,736 $ 142,486 $ 118,050 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)