Please provide steps to how you got answer for each cell.

Required information The following information applies to the questions displayed belowJ 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 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $455, 014 $348,578 $241,900 154, 816 87,084 31,931 20,078 52,009 35,075 7,120 s 61,484 S 39,351 27,955 273,918 181, 096 64,612 40,951 105, 563 75, 533 14,049 220,301 128, 277 48,104 30, 675 78,779 49,498 10,147 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 53, 376 41,760 55, 823 3, 620 64, 485 $154, 043 $149, 581 $123, 928 500 107, 321 100, 667 S 22, 490 22,288 21, 687 46,000 5,111 51,130 $154, 043 $149, 581 $123, 928 64,000 ,000 59,553 64,000 ,000 55, 293