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 $ 482,288. $ 369,472 $ 256,400 Cost of goods sold 290,337 232,767 164,096 Gross profit 191,951 136,705 92,384 Selling expenses 68,485 50,987 33,845 Administrative expenses 43,406 32,514 21, 281 Total expenses 111,891 83, 501 55, 126 Income before taxes 80,060 53,204 37, 178 Income taxes 14,891 10,907 7,547 Net income $ 65,169 $ 42,297 $ 29,631 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 51,214 $ 40,069 $ 53,563 Long-term investments 8 900 3,640 Plant assets, net 93,664 99,713 59,352 Total assets $ 144,878 $ 140,682 $116,555 Liabilities and Equity Current liabilities $ 21,152 $ 20,962 $ 20, 397 Common stock 63,000 63,000 45,000 Other paid-in capital 7,875 7,875 5,000 Retained earnings 52,851 48,845 46,158 Total liabilities and equity $ 144,878 $ 140,682 $ 116,555 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 51,214 $ 40,069 $ 53,563 Long-term investments 900 3,640 Plant assets, net 93,664 99,713 59,352 Total assets $ 144,878 $ 140,682 $116,555 Liabilities and Equity Current liabilities $ 21,152 $ 20,962 $ 20,397 Cofmon stock 63,000 63,000 45,000 other paid-in capital 7,875 7,875 5,000 Retained earnings 52,851 48,845 46,158 Total liabilities and equity $ 144,878 $ 149,682 $116,555 Problem 17-2A Part 2 2. Complete the below table to calculate income statement data in common-size percents. (Round your percer decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2016 2017 2016 2015 Sales % Problem 17-2A Part 2 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2015 KORDIN COMPANY Common-site Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales Cost of goods sold Cross profit Selling expenses Administrative expenses Total expenses Incomio botone taxes Income Not income