Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 Sales Cost of goods sold $ 429,432 328,980 228,300 258,518 208,573 146,112 Gross profit Selling expenses Administrative expenses 70,914 60,979 38,649 120,407 45,399 28,950 82,188 30,136 18,949 Total expenses 99,628 74,349 49,085 Income before taxes Income taxes 71,286 46,058 33,103 13,259 9.442 6.720 Net income $ 58,027 36,616 26,383 KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments Plant assets, net S 51,92940,628 54,310 3,270 60,601 0 94,970 1,100 100,916 Total assets $146,899 142,644$118,181 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings 67,000 8,375 50,077 21,447 21.254 67,000 8,375 46,015 49,000 5,444 43,055 Total liabilities and equity $146,899 142,644$118,181