2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales % % % 275,051.00 (275,051.00) Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % % . KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 456,895 $ 350,019 $ 242,900 Cost of goods sold 275,051 220,862 155,456 Gross profit 181,844 129,157 87,444 Selling expenses 64,879 48,303 32,063 Administrative expenses 41,121 30,802 20,161 Total expenses 106,000 79,105 52,224 Income before taxes 75,844 50,052 35, 220 Income tax expense 14,107 10,261 7,150 Net income $ 61,737 $ 39,791 $ 28,070 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 63, 487 $ 42,492 Long-term investments 0 1,000 Plant assets, net 116,108 105,697 Total assets $ 179,595 $ 149, 189 Liabilities and Equity Current liabilities $ 26,221 $ 22,229 Common stock 70,000 70,000 Other paid-in capital 8,750 8,750 Retained earnings 74,624 48,210 Total liabilities and equity $ 179,595 $ 149, 189 $ 56,802 3,410 63,391 $ 123,603 $ 21,631 52,000 5,778 44,194 $ 123,603 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 % % 100.00 %