KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2020 295 261 186 310 Sales Cost of goods sold Gross

Question

KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2020 295 261 186 310 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long term investments Plant assets net Total assets 2021 385 417 232 021 153 396 54 729 34 688 89 417 Liabilities and Equity Current liabilities KORBIN COMPANY Comparative Balance Sheets 66 729 63 979 42 222 11 900 8 656 52 079 33 566 December 31 Common stock Other paid in capital Retained earnings Total liabilities and equity 2021 108 951 40 746 25 983 61 956 0 116 850 178 806 2020 2019 204 900 131 136 73 764 27 047 17 007 44 054 29 710 6 031 23 679 41 467 500 106 566 148 533 22 131 64 000 8 000 54 402 26 106 64 000 8 000 80 700 178 806 148 533 2019 55 432 4 700 62 928 123 060 21 536 46 000 5 111 50 413 123 060

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