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 Sales $ 425,670 $ 326,098 Cost of goods sold 256,253 205,442 Gross profit 169,417 120,656 Selling expenses 60,445 45,002 Administrative expenses 38,310 28,697 Total expenses 98,755 73,699 Income before taxes 70,662 46,957 Income taxes 13,143 Net income $ 57,519 $ 37,331 2015 $ 226,300 144,832 81,468 29,872 18,783 48,655 9,626 $ 6,661 26,152 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 52,718 $ 41,245 $ 55,136 Long-term investments 0 9003 .530 Plant assets, net 99,426 105,593 63,735 Total assets $152,144 $ 147,738 $ 122,401 Liabilities and Equity Current liabilities $ 22,213 $ 22,013 $ 21,420 Common stock 68,000 68,000 50,000 Other paid in capital 8,500 8,500 5,556 Retained earnings 53,431 49.225 65,425 Total liabilities and equity $ 152,144 $147,738 $ 122,401 Retained earnings Total liabilities and equity $ 152, 144 $ 147,738 $ 122,401 2. Complete the below table to calculate income statement data in common-size percents. (Round your pe decimal places.) 2015 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income