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 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 444,480 340,508 $236,300 267,577214520151,232 85,068 31,192 19,613 50,805 34,263 6,955 176,903 125,988 46,990 63,116 40,00329 90 103,119 73,784 76,955 49,033 13,72410 052 10,052 60,060 38,981 27,308 KORB IN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 20162015 2017 $50,981 39,886 53,319 4,660 59,205 Current assets Long-term investments Plant assets, net Total assets 800 94,679 100,755 $145,660 141,441 117,184 Liabilities and Equity Current liabilities Common stock other paid-in capital Retained earnings 21,266 21,075 20,507 65, 000 65,000 47,000 5,222 44,455 8,125 51,269 8,125 47,241 44,455 145,660 $141,441 $117,184 es and equity Problem 13-2A Part 2 Complete the below table to calculate income statement data in common-size percents. (Round your percentag decimal places.) 2. KORBIN COMPANY Common-Size Comparative Income Statements 2016 2017 2015 Sales Cost of goods sold Gross profit Total expenses taxes Net income