Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales $ 430,561 $ 329,845 cost of goods sold 259,198 208, 132 Gross profit 171,363 121, 713 selling expenses 61,140 45,519 Administrative expenses 38,750 29, 026 Total expenses 99,890 74,545 Income before taxes 71,473 47,168 Income taxes 13, 294 9,669 Net income 58,179 $ 37,499 2015 $ 228,900 146,496 82,404 30,215 18,999 49,214 33,190 6,738 $ 26,452 2016 2015 54,930 4,430 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 Assets Current assets $ 52,522 Long-term investments Plant assets, net 96,055 Total assets $ 148,577 Liabilities and Equity Current liabilities 21,692 Common stock 63, eee other paid-in capital 7,875 Retained earnings 56, e10 Total liabilities and equity 148,577 $ 41,092 see 102, 682 $ 144,274 119,531 S 21,497 63, eee 7,875 51,902 $144,274 S 20,918 45, eee 5,000 48,613 $ 119,531 Retained earnings Total liabilities and equity 56,010 $ 148,577 5 1,902 $144,274 48,613 $ 119,531 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.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 19 100.00 % 100.00 100.00 100.00% 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%