KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015. 1 answer below »

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KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 450.123 344,831 239,300 Sales 153152 Cost of goods sold 270,974 217,244 179149 Gross profit 127,587 86148 Selling expenses 31,588 63.917 47587 Administrative expenses 40,511 30,345 19,862 Total expenses 104,428 77,932 51,450 Income before taxes Income taxes 60,823 39,476 27,654 Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets 48,593 38,018 50,821 Current assets Long-term investments 600 3.050 96.197 57,823 Plant assets, net 90,243 138836 s 134815 s m694 Total assets Liabilities and Equity 20,270 20,087 19,546 Current liabilities 65,000 65,000 Common stock 47,000 Other paid-in capital 8.125 8.125 5.222 45,441 39,926 Retained earnings 41.603 138836 13485 11694 Total liabilities and equity
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KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 450.123 344,831 239,300 Sales 153152 Cost of goods sold 270,974 217,244 179149 Gross profit 127,587 86148 Selling expenses 31,588 63.917 47587 Administrative expenses 40,511 30,345 19,862 Total expenses 104,428 77,932 51,450 Income before taxes Income taxes 60,823 39,476 27,654 Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets 48,593 38,018 50,821 Current assets Long-term investments 600 3.050 96.197 57,823 Plant assets, net 90,243 138836 s 134815 s m694 Total assets Liabilities and Equity 20,270 20,087 19,546 Current liabilities 65,000 65,000 Common stock 47,000 Other paid-in capital 8.125 8.125 5.222 45,441 39,926 Retained earnings 41.603 138836 13485 11694 Total liabilities and equity

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