Transcribed image text: Selected comparative financial statements of Korbin Company follow: 3 Part 3 of 3 KORDIN COMPANY Comparative Incone Statements For Year Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $378,457 $289,929 $ 201,200 Cont of goods sold 227,831 183,525 128.768 Gross profit 150,626 106,404 72,432 Selling expennen 53,741 40,010 26,558 Administrative expenses 34,061 25,514 16,700 Total expenses 87,802 65,524 43,258 Income before taxes 62,824 40,880 29,174 Income taxes 11,685 8,380 5.922 Net Income $ 51,139 $ 32,500 $ 23,252 33.34 points 0107:58 2015 KORDIN COMPANY Comparative Talance Sheets December 31, 2017, 2016, and 2015 2017 2016 Assets Current ansota $ 51,700 $ 40,510 Long-term investments 0 500 Plant assets, bet 95,079 102,662 Total aseta $147.967 143,681 Liabilities and Equity Current liabilities $ 21,603 $ 21, 408 Common stock 72.000 72,000 Other paid-in capital 9.000 9,000 Retained earning 4564 4272 Total abilities and equity $147,967 $143.691 $ 54,163 4.930 59.947 $119.040 520,832 54.000 6.000 30.200 119,040 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.) t 3 of 3 34 is KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 01:07:30 100.00 % 100.00 100.00 100.00% Assets Current assets Long-term investments Plantasset, not Total assets Liabilities and Equity Current liabilities Common stock Other paid in capital Retained earnings Total abilities and equity 100.00 % 100.00 100.00 100.00 100,00 %