Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes. Income tax expense Net income 2021 $ 467,617 2020 $ 358,233 2019 $ 248,600 281, 505 225,329 159, 104 186,112 132,904 89,496 66,402 49,436 32,815 42,086 31,525 20,634 108, 488 80,961 53,449 77,624 51,943 36,047 14,438 10,648 7,318 $ 63,186 $ 41,295 $ 28,729 KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities. Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 2020 $ 61,652 0 $ 41,264 900 105, 640 116,277 $ 177,929 $ 147,804 $ 25,978 $ 22,023 68,000 2019 $ 55,160 3,050 64,246 $ 122,456 $ 21,430 50,000 5,556 45,470 68,000 8,500 75,451 8,500 49,281 $ 177,929 $ 147,804 $ 122,456 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets Long-term investments % % 100.00 % 100,00 100.00 Plant assets, net Total assets % % 100.00% Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earnings 100.00 Total liabilities and equity % 100.00 %