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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 $ 397,455 $ 304,483 $ 211,300
Cost of goods sold 239,268 192,738 135,232
Gross profit 158,187 111,745 76,068
Selling expenses 56,439 42,019 27,892
Administrative expenses 35,771 26,795 17,538
Total expenses 92,210 68,814 45,430
Income before taxes 65,977 42,931 30,638
Income taxes 12,272 8,801 6,220
Net income $ 53,705 $ 34,130 $ 24,418

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
2017 2016 2015
Assets
Current assets $ 53,412 $ 41,789 $ 55,862
Long-term investments 0 1,000 4,480
Plant assets, net 99,195 105,398 62,431
Total assets $ 152,607 $ 148,187 $ 122,773
Liabilities and Equity
Current liabilities $ 22,281 $ 22,080 $ 21,485
Common stock 69,000 69,000 51,000
Other paid-in capital 8,625 8,625 5,667
Retained earnings 52,701 48,482 44,621
Total liabilities and equity $ 152,607 $ 148,187 $ 122,773

Problem 17-2A Part 3

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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