KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017...

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Accounting

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019 2018 2017
Assets
Current assets $ 52,390 $ 37,924 $ 51,748
Long-term investments 0 500 3,950
Plant assets, net 100,000 96,000 60,000
Total assets $ 152,390 $ 134,424 $ 115,698
Liabilities and Equity
Current liabilities $ 22,800 $ 19,960 $ 20,300
Common stock 72,000 72,000 60,000
Other paid-in capital 9,000 9,000 6,000
Retained earnings 48,590 33,464 29,398
Total liabilities and equity $ 152,390 $ 134,424 $ 115,698

3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY
Balance Sheet Data in Trend Percents
December 31, 2019, 2018 and 2017
2019 2018 2017
Assets
Current assets % % 100.00 %
Long-term investments 100.00
Plant assets, net 100.00
Total assets % % 100.00 %
Liabilities and Equity
Current liabilities % % 100.00 %
Common stock 100.00
Other paid-in capital 100.00
Retained earnings 100.00
Total liabilities and equity % % 100.00 %

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