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Required information Problem 17-2A Ratios, common-size statements, and trend percents LO 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 $ 281,800 180,352 101,448 37,198 23,389 60,587 $ 530,066 319,100 210,966 $ 406,074 Cost of goods sold 257,045 149,029 56,038 35,735 Gross profit Selling expenses Administrative expenses 75,269 47,706 Total expenses Income before taxes 122,975 91,773 57,256 11,738 87,991 16,366 40,861 8,295 Income taxes Net income 71,625 45,518 32,566 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 d Windows Chapter 17 Ratio Analysis and Reporting Help Save 5 Required information 3, Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year (Round your percentage enswers to 2 decimal places.) Pert 3 of 3 KOREIN COMPANYS Balancs Sheet Data in Trend Percests points December 31, 2017, 2016 and 2015 2017 Seopped 2016 2015 Assets Current aspet 100.00 % Long term investments 100 00 Plant assets, net Pom 100 0 Tatal assets Refeences 100 00% Liabilities and Equity Current iabilities 100 Common stack 100.00 Other paid-in captal 10000 Retained samings 100 00 Total Sabilities and equity 100 00% Ma Craw S of 9 the web and Windows