Selected comparative financial statements of Korbin Company follow:

Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2815 0 2017 2016 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $526,492 403,336 $279,900 149,234 35,494 58,080 71,142 46,174 32,346 254, 102179,136 100,764 36,947 23,232 60,179 316,948 209, 544 74,76255,660 47,384 122,146 87,398 16,25611,966 91,15466175 40, 585 Muntii. COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 Assets Current assets Long-term investments Plant assets, net Total assets s 47,625 37,261 49,809 3,420 91,22496,76758,476 s 138,849 134,828 111,705 Liabilities and Equity Current liabilities Common stock s 20,272 68,000 20,089 19,548 50,000 68,000 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets 37,261 $ 49,809 3,420 58,476 s 138,849 $134,828 $111,705 47,625 800 96,767 91,224 Liabilities and Equity Current 1iabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity s 20,272 20,089 19,548 68,000 68,0 50,800 8,500 42,077 5,556 38,23936,601 8,500 $ 138,849 134,828 111,705 2. Complete the below table to calculate income statement data in common-size percents. (R decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 2015 Sales Cost of goods sold Gross proft Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income