Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Incone Statements For Years Ended December 31, 2017, 2016, and 2e15 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income s 497,713 381,289 264,606e 169, 344 95,256 34,927 21,962 56,889 38,367 7,789 $67,253 $43,953 $30,578 299,623 239,831 198,09e 141,458 52,618 33,553 86,171 55, 287 15,36811,334 70,675 44,794 115,469 82,621 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets 49,529 38,750 $51,500 4,690 1,100 s 141,512 $ 137,413S 113,847 Liabilities and Equity current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 20,661 $20,475 $19,923 46,080 5,111 42.813 64,000 8,000 48,851 s 141,512 64,000 8,000 44.938 137,413 $ 113,847 lete the below table to calculate income statement data in common-size percents percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 2015 2017