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KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 421, 344 322, 784 $ 224,000 Cost of goods sold 253, 649 204, 645 143, 360 Gross profit 167, 695 118, 139 80, 640 Selling expenses 59,831 44, 544 29,568 Administrative expenses 37,921 28, 405 18,592 Total expenses 97,752 72.949 48, 160 Income before taxes 69,943 45,190 32,480 Income taxes 13,009 9264 6.593 Net income $ 56,934 $ 35,926 25,887 KORBIN COMPANY Comparative Balance sheets December 31, 2017, 2016 and 2015 2017 2016 2015 Assets Current assets $ 46,550 $ 36, 420 S 48,685 Long-term investments 0 800 4,100 Plant assets, net 86,451 91 929 54, 215 Total assets 133, 001 129, 149 $ 107.000 Liabilities and Equity Current liabilities 19,418 $ 19243 $ 18, 725 Common stock 64,000 64,000 46,000 Other paid-in capital 8,000 8,000 5111 Retained earnings 41 583 371906 32/164 Total liabilities and equity $ 133,001 $ 129149 $ 107 000 2015 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income % % %

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