KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2015, 2014, and 2013
2015
2014
2013
Sales
$
450,688
$
345,264
$
239,600
Cost of goods
sold
271,314
216,826
153,344
Gross profit
179,374
128,438
86,256
Selling
expenses
63,998
47,646
31,627
Administrative
expenses
40,562
30,383
19,887
Total expenses
104,560
78,029
51,514
Income before
taxes
74,814
50,409
34,742
Income taxes
13,915
10,334
7,053
Net income
$
60,899
$
40,075
$
27,689
KORBIN COMPANY
Comparative Balance Sheets
December 31, 2015, 2014, and...