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 $ 553,014 $ 423,654 $ 294,000 Cost of goods sold 332,914 266,478 188,160 Gross profit 220, 100 157,176 105,840 Selling expenses 78,528 58,464 38,808 Administrative expenses 49,771 37,282 24,402 Total expenses 128,299 95,746 63,210 Income before taxes 91,801 61,43 42,630 Income taxes 17,075 12,593 8,654 Net income $ 74,726 $ 48,837 $ 33,976 2015 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 Assets Current assets $ 52,289 $ 40,910 Long-term investments 900 Plant assets, net 95,628 101,823 Total assets $ 147,917 $ 143,633 Liabilities and Equity Current liabilities $ 21,596 $ 21,401 Common stock 66,000 66,000 $ 54,686 4,800 59,514 $ 119,000 $ 20,825 48,000 LORE Net Income $ 74,7265 129 48,8375 5,654 33,976 KORGIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 52,2095 40,910 554,686 Long-term investments 0 900 4,500 Plant assets, net 95,628 101.623 59514 Total assets $147,917 5 143,633 5 119,000 Llabilities and Equity Current liabilities $ 21,5965 21,4015 20,825 Common stock 66,000 66,000 45,000 Other paid in capital 0.250 8,250 5.333 Retained earnings 52,071 47,902 44,842 Total liabilities and equity 5 147,917 5 143,6333 110,000 Problem 17-2A Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year (Round your percentage answers to 2 decimal places) Required information Guy pus. KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 95.62% 74.81 % 14.31 100.00% 100.00 0.00 100.00 124,30% 120.70194 100.00 % Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 % 100.00 100.00 100.00 100.00 % od 194