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

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 $ 549,440 $ 420,916 $ 292,100 Cost of goods sold 330,763 266,019 186,944 Gross profit 218,677 154,897 105, 156 Selling expenses 78,020 58,086 38,557 Administrative expenses 49,450 37,041 24, 244 Total expenses 127,470 95, 127 62,801 Income before taxes 91,207 59,770 42,355 Income taxes 16,965 12,253 8,598 Net income $ 74,242 $ 47,517 $ 33,757 2016 2015 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 Assets Current assets h$ 51,756 Long-term investments Plant assets, net 94,653 Total assets $ 146,409 Liabilities and Equity Current liabilities $ 21,376 Common stock 67,000 Other paid-in capital 8,375 Retained earnings 49,658 Total liabilities and equity $ 146,409 $ 40,493 700 100,976 $ 142,169 $ 54,129 3,450 60,208 $ 117,787 $ 21,183 67,000 8,375 45,611 $ 142,169 $ 20,613 49,000 5,444 42,730 $ 117,787 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 Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income