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 559,974 428,986 29 7700 Sales Cost of goods sold 337104 268116 190,528 222,870 Gross profit 160,870 107172 59,200 Selling expenses 79,516 39,296 50,398 24,709 Administrative expenses 37751 Total expenses 64,005 92,956 43167 Income before taxes 13103 Income taxes 75,666 50,816 34,404 Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets 52,531 41,099 54,940 Current assets Long-term investments 59,979 Plant assets, net 147145 142,883 118,379 Total assets Liabilities and Equity 21,483 21,290 20,716 Current liabilities 64,000 64,000 Common stock 46.000 Other paid-in capital 8.000 8.000 53,662 Retained earnings 49.593 46,552 Total liabilities and equity 147145 142,883 118,379