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 $ 383,724 $293,964 $ 204,000 Cost of goods sold 231,002 184,021130,560 Gross profit 152,722 109,943 7 3,440 Selling expenses 54,489 40,567 26,928 Administrative expenses 34,535 25,869 16,932 Total expenses 89,024 66,436 43,860 Income before taxes 43,507 29,580 Income taxes 11,848 8,9196,005 Net income $ 51,850 $ 34,588 $ 23,575 34,535 re taxes 2015 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 Assets Current assets 52,475 $ 41,055 Long-term investments 0 500 Plant assets, net 98,968 105,502 Total assets $ 151,443 $ 147,057 Liabilities and Equity Current liabilities $ 22,111 $ 21,911 Common stock 72.000 72.000 Other paid-in capital 9,000 9,000 Retained earnings 48,332 44,146 Total liabilities and equity $ 151, 443 $147,057 $ 54,881 3,090 63.866 $ 121,837 $ 21,321 54,000 6,000 40,516 $ 121,837 Total liabilities and equity $ 151, 443 $147,057 $121,837 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentag decimal places.) 2015 100.00 1.56 98.44 1.60 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales 100.00% 100.00% Cost of goods sold 1.66 Gross profit 98.34 98.40 Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income