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[The following information applies to the questions displayed below.] 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 $ 413,068 $ 316,444 $ 219,600
Cost of goods sold 248,667 198,094 140,544
Gross profit 164,401 118,350 79,056
Selling expenses 58,656 43,669 28,987
Administrative expenses 37,176 27,847 18,227
Total expenses 95,832 71,516 47,214
Income before taxes 68,569 46,834 31,842
Income taxes 12,754 9,601 6,464
Net income $ 55,815 $ 37,233 $ 25,378

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
2017 2016 2015
Assets
Current assets $ 51,776 $ 40,508 $ 54,150
Long-term investments 0 800 3,880
Plant assets, net 96,156 102,339 60,982
Total assets $ 147,932 $ 143,647 $ 119,012
Liabilities and Equity
Current liabilities $ 21,598 $ 21,403 $ 20,827
Common stock 72,000 72,000 54,000
Other paid-in capital 9,000 9,000 6,000
Retained earnings 45,334 41,244 38,185
Total liabilities and equity $ 147,932 $ 143,647 $ 119,012

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY
Common-Size Comparative Income Statements
For Years Ended December 31, 2017, 2016, and 2015
2017 2016 2015
Sales % % %
Cost of goods sold -1 -1 -1
Gross profit
Selling expenses -1 -1 -1
Administrative expenses -1 -1 -1
Total expenses
Income before taxes -1 -1 -1
Income taxes -1 -1 -1
Net income % % %

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.)

KORBIN COMPANY
Balance Sheet Data in Trend Percents
December 31, 2017, 2016 and 2015
2017 2016 2015
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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