3 of 4 [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, 2019, 2018, and 2017 2019 2018 2017 Sales $ 421,720 $ 323,072 $ 224,200 Cost of goods sold 253,875 203,389 143,488 Gross profit 167,845 120, 183 80,712 selling expenses 59,584 44,584 29,594 Administrative expenses 37,955 28, 430 18,609 Total expenses 97.539 73,014 48,203 Income before taxes 70,006 47,169 32,509 Income tax expense 13,021 9,670 6,599 Net income $ 56,985 337,499 $ 25,910 Book Print rences KORDIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 56,545 $ 37,846 $50,591 Long-tern Investments 800 5, ee Plant assets, net 103,413 94,230 54,497 Total assets $ 159,950 $ 132,876 $ 110,038 Liabilities and Equity Current liabilities $ 23,354 $ 19,799 $ 19, 265 Common stock 67,000 67,eee 49,eee other paid. in capital 8,375 8,375 5,444 Retained earnings 61,229 27,702 36, 379 Total liabilities and equity $ 159,958 $ 132,876 $ 110,038 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Ro 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 % % Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 % 100.00 100.00 100.00% % % %6 Common stock Other paid in capital Retained earnings Total liabilities and equity 100.00% 100.00 100.00 100.00 100.00%