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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

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 $ 431,878 $ 330,854 $ 229,600
Cost of goods sold 259,991 206,784 146,944
Gross profit 171,887 124,070 82,656
Selling expenses 61,327 45,658 30,307
Administrative expenses 38,869 29,115 19,057
Total expenses 100,196 74,773 49,364
Income before taxes 71,691 49,297 33,292
Income taxes 13,335 10,106 6,758
Net income $ 58,356 $ 39,191 $ 26,534

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
2017 2016 2015
Assets
Current assets $ 48,822 $ 38,197 $ 51,061
Long-term investments 0 700 4,070
Plant assets, net 93,516 99,319 59,381
Total assets $ 142,338 $ 138,216 $ 114,512
Liabilities and Equity
Current liabilities $ 20,781 $ 20,594 $ 20,040
Common stock 66,000 66,000 48,000
Other paid-in capital 8,250 8,250 5,333
Retained earnings 47,307 43,372 41,139
Total liabilities and equity $ 142,338 $ 138,216 $ 114,512

calculate income statement data in common-size percents

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