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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 $ 477,398 $ 365,726 $ 253,800
Cost of goods sold 287,394 231,505 162,432
Gross profit 190,004 134,221 91,368
Selling expenses 67,791 50,470 33,502
Administrative expenses 42,966 32,184 21,065
Total expenses 110,757 82,654 54,567
Income before taxes 79,247 51,567 36,801
Income taxes 14,740 10,571 7,471
Net income $ 64,507 $ 40,996 $ 29,330

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
2017 2016 2015
Assets
Current assets $ 45,512 $ 35,607 $ 47,599
Long-term investments 0 1,000 4,660
Plant assets, net 85,835 90,935 53,410
Total assets $ 131,347 $ 127,542 $ 105,669
Liabilities and Equity
Current liabilities $ 19,177 $ 19,004 $ 18,492
Common stock 65,000 65,000 47,000
Other paid-in capital 8,125 8,125 5,222
Retained earnings 39,045 35,413 34,955
Total liabilities and equity $ 131,347 $ 127,542 $ 105,669

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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