The following information applies to the questions displayed below.] "Correct Answers" Needed for Inforamation Below, Please! 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	$	515,770		$	395,122		$	274,200
Cost of goods sold		310,494			250,507			175,488
Gross profit		205,276			144,615			98,712
Selling expenses		73,239			54,527			36,194
Administrative expenses		46,419			34,771			22,759
Total expenses		119,658			89,298			58,953
Income before taxes		85,618			55,317			39,759
Income taxes		15,925			11,340			8,071
Net income	$	69,693		$	43,977		$	31,688

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
	2017			2016			2015
Assets
Current assets	$	53,867		$	42,145		$	56,338
Long-term investments		0			500			3,690
Plant assets, net		100,040			106,805			63,791
Total assets	$	153,907		$	149,450		$	123,819
Liabilities and Equity
Current liabilities	$	22,470		$	22,268		$	21,668
Common stock		71,000			71,000			53,000
Other paid-in capital		8,875			8,875			5,889
Retained earnings		51,562			47,307			43,262
Total liabilities and equity	$	153,907		$	149,450		$	123,819

Chapter 17 Assignment I 6 aved Help Save & Exit Check m Total assets $ 153,987 149,45123,819 Liabilities and Equity Current liabilities Conmon stock Other paid-in capital Retained earnings Total 1iabilities and equity $ 22,470 22,268 $ 21,668 53,000 5,889 43,262 153,97 149,45 123,819 71,888 8,875 51,562 8,875 47,387 Part 2 of 3 10 points 2. Complete the below table to calculate Income statement data In common-size percents. (Round your percentage answers to 2 decimal places.) eBook KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 Print 2017 2016 2015 100.001% 100.001% Sales Cost of goods sold Gross profit Seling expenses 100.00 % References Total expenses Income before taxes Income taxes Net income 96 96 96