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 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $488,872 $374,516 $259,900 294,301 237,069 166,336 194,571 137,447 93,564 34,307 21,572 69,420 43,998 113,418 81,153 15,094 51,683 32,957 84,640 52,807 10, 826 66,059 41,981 30,035 164055,879 37,685 7,650