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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 $ 392,189 $ 300,449 $ 208,500
Cost of goods sold 236,098 189,884 133,440
Gross profit 156,091 110,565 75,060
Selling expenses 55,691 41,462 27,522
Administrative expenses 35,297 26,440 17,306
Total expenses 90,988 67,902 44,828
Income before taxes 65,103 42,663 30,232
Income taxes 12,109 8,746 6,137
Net income $ 52,994 $ 33,917 $ 24,095


KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
2017 2016 2015
Assets
Current assets $ 53,162 $ 41,593 $ 55,599
Long-term investments 0 900 3,460
Plant assets, net 100,263 106,488 64,372
Total assets $ 153,425 $ 148,981 $ 123,431
Liabilities and Equity
Current liabilities $ 22,400 $ 22,198 $ 21,600
Common stock 71,000 71,000 53,000
Other paid-in capital 8,875 8,875 5,889
Retained earnings 51,150 46,908 42,942
Total liabilities and equity $ 153,425 $ 148,981 $ 123,431

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.)

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