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Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2014, 2013, and 2012 2014 2013 2012

Selected comparative financial statements of Korbin Company follow:
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2014, 2013, and 2012
2014 2013 2012
Sales $ 561,290 $ 429,994 $ 298,400
Cost of goods sold 337,897 270,896 190,976
Gross profit 223,393 159,098 107,424
Selling expenses 79,703 59,339 39,389
Administrative expenses 50,516 37,839 24,767
Total expenses 130,219 97,178 64,156
Income before taxes 93,174 61,920 43,268
Income taxes 17,330 12,694 8,783
Net income $ 75,844 $ 49,226 $ 34,485

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2014, 2013, and 2012
2014 2013 2012
Assets
Current assets $ 54,191 $ 42,398 $ 56,676
Long-term investments 0 900 3,070
Plant assets, net 99,107 105,560 63,583
Total assets $ 153,298 $ 148,858 $ 123,329
Liabilities and Equity
Current liabilities $ 22,382 $ 22,180 $ 21,583
Common stock 63,000 63,000 45,000
Other paid-in capital 7,875 7,875 5,000
Retained earnings 60,041 55,803 51,746
Total liabilities and equity $ 153,298 $ 148,858 $ 123,329

. Complete the below table to calculate income statement data in common-size percents. (Round your answers to 2 decimal places.)
image text in transcribed KORBIN COMPANY Common-Size Comparative Income Statements

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