Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2016, 2015, and 2014 2016 2015 2014 413,820 317,020 220,000 Sales 249.120 140,800 Cost of goods sold 199,723 117,297 Gross profit 164,700 79,200 43,749 58,762 Selling expenses 29,040 37,244 Administrative expenses 27898 18,260 96,006 Total expenses 71,647 47.300 68,694 45,650 Income before taxes 31,900 Income taxes 12,777 9.358 6,476 55,917 36,292 25,424 Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2016, 2015, and 2014 2016 2015 2014 Assets Current assets 50,211 39,284 52,513 Long-term investments 600 4,460 57,298 Plant assets, net 91,828 98,041 142,039 137,925 114,271 Total assets Liabilities and Equity 20,738 20,551 19,997 Current liabilities 64,000 46,000 64,000 Common stock Other paid-in capital 8.000 8.000 5111 Retained earnings 49,301 45,374 43163 142,039 137,925 114,271 Total liabilities and equity