The comparative statements of Corbin Company are presented below.

CORBIN COMPANY Income Statement For the Years Ended December 31
		2015			2014
Net sales (all on account)		$599,000			$520,000
Expenses
Cost of goods sold		415,000			354,000
Selling and administrative		120,000			113,000
Interest expense		8,500			5,700
Income tax expense		18,400			14,100
Total expenses		561,900			486,800
Net income		$ 37,100			$ 33,200

CORBIN COMPANY Balance Sheets December 31
Assets		2015			2014
Current assets
Cash		$ 21,700			$ 18,800
Short-term investments		17,200			15,900
Accounts receivable (net)		86,800			74,600
Inventory		89,000			69,800
Total current assets		214,700			179,100
Plant assets (net)		424,000			382,000
Total assets		$638,700			$561,100
Liabilities and Stockholders