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 $356,503 226,023 130,480 49, 197 31,372 80,569 $247,400 158,336 Sales $465,359 280,146 185,213 66,081 41,882 Cost of goods sold Gross profit Selling expenses Administrative expenses 89,064 32,657 20,534 107,963 77,250 53,191 Total expenses Income before taxes 49,911 35,873 7,282 14,369 10,232 Income taxes $ 62,881 $ 28,591 $39,679 Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets $ 51,103 $39,982 $53,446 Current assets Long-term investments 700 4,890 61,525 103,990 97,884 Plant assets, net $144,672 $148,987 $119,861 Total assets Liabilities and Equity $ 21,556 $ 20,976 $ 21,752 Current liabilities 67,000 67,000 49,000 Common stock Other paid-in capital Retained earnings 8,375 51,860 8,375 47,741 5,444 44,441 $144,672 $148,987 $119,861 Total liabilities and equity 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 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes % % Net income