12 Part 2 of 2 10 points eBook Print D References [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2019 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2020 $ 444,292 267,464 $ 340,364 $ 236,200 214,429 151,168 176,828 125,935 85,032 63,089 46,970 31,178 39,986 29,952 19,605 103,075 76,922 50,783 73,753 49,013 34,249 13,718 10,048 6,953 $ 60,035 $ 38,965 $ 27,296 Assets KORBIN COMPANY Comparative Balance Sheets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock December 31 2021 2020 2019 $ 41,036 $ 54,856 0 1,200 4,930 101,841 59,582 $ 61,312 112,130 $ 173,442 $ 25,323 64,000 8,000 76,119 Other paid-in capital Retained earnings Total liabilities and equity $ 173,442 $144,077 $ 119,368 $ 21,467 $ 20,889 64,000 8,000 50,610 $ 144,077 46,000 5,111 47,368 $119,368 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 25,323 64,000 $ 21,467 64,000 8,000 76,119 8,000 50,610 $ 20,889 46,000 5,111. $ 173,442 $144,077 47,368 $119,368 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2010 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 % 2020 2019 % % % %