Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales Cost of goods sold $451,628 271,880 345,984 240,100 153,664 217,624 Gross profit Selling expenses Administrative expenses 179,748 64.131 40,647 128,360 86,436 31,693 19,928 47746 30,447 78,193 50,167 Total expenses 104,778 51,621 Income before taxes Income taxes 74,970 13,944 34,815 7067 10,284 Net income $ 61,026 39,883 27,748