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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017

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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $.421, 344 $ 322,784 224,000 Cost of goods sold 258 649 202,063 143,360 Gross profit 167,695 120,721 89,640 Selling expenses 59,831 44,544 29,568 Administrative expenses 37,921 28,405 18 592 Total expenses 97,252 72.949 48,160 Income before taxes 69,943 47,772 32,480 Income tax expense 13,089 9,793 6.593 Net income 56,934 $ 37,979 $ 25,887 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 62, 108 $ 41, 569 $ 55,568 Long-term investments 700 3, 120 Plant assets, net 117/136 106,628 64 623 Total assets $ 179, 244 $ 148,897 $ 123,361 Liabilities and Equity Current liabilities $ 26,170 $ 22, 186 $ 21,588 Common stock 72,000 72,000 54 , Other paid-in capital 9.000 9,000 6,080 Retained earnings 22,074 45211 41,723 Total liabilities and equity $ 179,244 $ 148,897 $123,361 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.) KOREN COMPANY Balance Sheet Data in Trend Percents December 31, 2013, 2018 and 2017 2010 2018 2017 Assets Current assets 100.00% Long-term investments 100.00 100.00 100,00 % % Plant assets, het Totales Liabilities and Equity Current liabites Common stock Other paid in capital Retained earings Total abilities and equity 100.00% 100.00 100.00 100.00 100.00

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