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Selected comparative financial statements of Apple-Space follow: Apple-Space Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $

Selected comparative financial statements of Apple-Space follow:

Apple-Space

Comparative Income Statements
For Years Ended December 31, 2017, 2016, and 2015
2017 2016 2015
Sales $ 464,983 $ 356,215 $ 247,200
Cost of goods sold 279,920 225,840 158,208
Gross profit 185,063 130,375 88,992
Selling expenses 66,028 49,158 32,630
Administrative expenses 41,848 31,347 20,518
Total expenses 107,876 80,505 53,148
Income before taxes 77,187 49,870 35,844
Income taxes 14,357 10,223 7,276
Net income $ 62,830 $ 39,647 $ 28,568

Apple-Space
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
2017 2016 2015
Assets
Current assets $ 48,618 $ 38,038 $ 50,847
Long-term investments 0 800 4,310
Plant assets, net 88,915 94,712 55,489
Total assets $ 137,533 $ 133,550 $ 110,646
Liabilities and Equity
Current liabilities $ 20,080 $ 19,899 $ 19,363
Common stock 66,000 66,000 48,000
Other paid-in capital 8,250 8,250 5,333
Retained earnings 43,203 39,401 37,950
Total liabilities and equity $ 137,533 $ 133,550 $ 110,646

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

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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

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