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 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 % 2020 2019 % %