Selected comparative financial statements of Korbin Company follow

KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 $378,081 $ 289,641 181,605 201,000 128,640 Sales Cost of goods sold 227,605 Gross profit Selling expenses Administrative expenses 150,476 53,688 34,027 108,036 39,970 25,488 72,360 26,532 16,683 Total expenses 87,715 65,458 43,215 Income before taxes Income taxes 62,761 11,674 42,578 8,729 29,145 5,916 Net income $51,087 $33,849 23,229 KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments Plant assets, net $50,194 0 91,798 $ 39,271 52,496 3,810 57,927 1,100 97,508 Total assets $ 141,992 137,879 114,233 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 20,731 65,000 8,125 48,136 $ 20,544 65,000 8,125 44,210 19,991 47,000 5,222 42,020 Total liabilities and equity $ 141,992 137,879 114,233