Required information The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow: Part 2 of 3 20 points KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 eBook Print References 2017 $533,640 $408,812 $283,700e 321,251 257,960 181,568 212,389 150,852 102,132 75,777 56,416 37,448 48,028 35,975 23,547 123, 80592,391 60,995 88, 584 58,461 41,137 2016 Sales Cost of goods solo Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 16,477 11.984 8,351 5 72,107 $ 46,477 32,786 K Prev2 3 of 5 ill Next > KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016 of 3 20182017 2016 Assets Current assets Long-term investments Plant assets, net Total assets s52,064 40,734 54,451 3, 390 98,192 104,37163,041 $150,256 $145,905 $120,882 800 ook Liabilities and Equity Current liabilities Common stock other paid-in capital Retained earnings Total liabilities and equity 21,937 21,740 21,154 71,00071,00 53,0ee int ences 8,875 8,87S 5,8 48,444 44,290 40, 8 $150,256 $145,905 $120,882 2. Complete the below table to calculate income statement data in common-size percents. (Round your percen Required infomation KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2018, 2017 and 2016 Part 3 of 3 2018 2017 2016 20 points Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.001 961 100.00 100.00 100.001 % Skipped eBook Print References 100.001 % 100.00 100.00 100.00 100.001 961 3 of 5 Next > OType here to search