Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2815 2016 Sales Cost of goods sold Gross profit selling expenses Administrative expenses Total expenses $ 430,561 259,198 171,363 61,140 38,750 99,896 71,473 13,294 $ 58,179 $ 329,845 208, 132 121,713 45,519 29,026 74,545 47,168 9,669 $ 228,900 146,496 82,404 , 215 18,999 49,214 33,190 6,738 Income before taxes Income taxes Net income $ $ 37,499 26,452 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 ASsets Current assets $ 52,522 54,930 4,430 6, 171 s 119,531 $ 41,e92 $ Long-term investments Plant assets, net see 96,055 $ 148,577 102,682 Total assets s 144,274 Liabilities and Equity Current liabilities $ 21,692 63,000 7,875 $ $ 21,497 63,eee 7,875 51,902 S 144,274 20,918 45,eee 5,eee 48,613 $ 119,531 Common stock other paid-in capital Retained earnings 56,e10 $ 148,577 Total liabilities and equity LU S LULK other paid-in capital Retained earnings b3, 7,875 b3, 5,eee 48,613 $ 119,531 7,875 51,982 $ 144,274 56,01e $ 148,577 Total liabilities and equity 2 Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income