Saved mework 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 $555, 000 $340,000 $278, 000 283,500 212,500 153,900 271,500 127,500 124, 100 102,900 46, 920 50,800 50, 668 29,920 22,800 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income befre taxes Income taxes Net income 153,56876,84073, 600 117,932 50,660 0, 500 40,80010,37015, 670 s 77,132 S 40,290 34,830 KORBIN COMPANY Comparative Balance Sheets Co Prev 2 3 4 of 5 l 234 0.5