70253A%252F% Check my work mode : This shows what is correct or incorrect for the work you hav Required information [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, 2020, and 2019 2021 2020 2019 Sales $ 385, 605 $ 295,405 $ 205,000 Cost of goods sold 232,134 186, 401 131,200 Gross profit 153,471 109,004 73,800 Selling expenses 54, 756 40,766 27,060 Administrative expenses 34, 704 25,996 17,015 Total expenses 89,460 66,762 44,075 Income before taxes 64,011 42,242 29,725 Income tax expense 11,906 8,660 6,034 Net income $ 52, 105 $ 33,582 $ 23,691 2019 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 54, 666 $ 36,588 Long-term investments 0 1,200 Plant assets, net 101,523 91,957 Total assets $ 156, 189 $ 129, 745 Liabilities and Equity Current liabilities $ 22,804 $ 19,332 Common stock 70,000 70,000 Other paid-in capital 8,750 8,750 Retained earnings 54,635 31,663 Total liabilities and equity $ 156, 189 $ 129,745 $ 48,910 4,580 54,004 $ 107,494 $ 18,811 52,000 5,778 30,905 $ 107,494 Required: 1. Complete the below table to calculate each vear's current ratio. 5