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 Sales $ 537,402 $ 411,694 $ 285,700 Cost of goods sold 323,516 259,367 182,848 Gross profit 213,886 152,327 102,852 Selling expenses 76,311 56,814 37,712 Administrative expenses 48,366 36,229 23,713 Total expenses 124,677 93,043 61,425 Income before taxes 89,209 59,284 41,427 Income taxes 16,593 12,153 8,410 Net income $ 72,616 $ 47,131 $ 33,017 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 51,727 $ 40,470 $ 54,099 Long-term investments 0 600 3,870 Plant assets, net 97,556 103,889 62,130 Total assets $ 149,283 $ 144,959 $ 120,099 Liabilities and Equity Current liabilities $ 21,795 $ 21,599 $ 21,017 Common stock 63,000 63,000 45,000 Other paid-in capital 7,875 7,875 5,000 Retained earnings 56,613 52,485 49,082 Total liabilities and equity $ 149,283 $ 144,959 $ 120,099 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)