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elected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 453,885 $

elected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
2021 2020 2019
Sales $ 453,885 $ 347,713 $ 241,300
Cost of goods sold 273,239 218,364 154,432
Gross profit 180,646 129,349 86,868
Selling expenses 64,452 47,984 31,852
Administrative expenses 40,850 30,599 20,028
Total expenses 105,302 78,583 51,880
Income before taxes 75,344 50,766 34,988
Income tax expense 14,014 10,407 7,103
Net income $ 61,330 $ 40,359 $ 27,885

KORBIN COMPANY
Comparative Balance Sheets
December 31
2021 2020 2019
Assets
Current assets $ 61,405 $ 41,099 $ 54,939
Long-term investments 0 400 3,220
Plant assets, net 110,598 101,383 60,219
Total assets $ 172,003 $ 142,882 $ 118,378
Liabilities and Equity
Current liabilities $ 25,112 $ 21,289 $ 20,716
Common stock 72,000 72,000 54,000
Other paid-in capital 9,000 9,000 6,000
Retained earnings 65,891 40,593 37,662
Total liabilities and equity $ 172,003 $ 142,882 $ 118,378

2. Complete the below table to calculate income statement data in common-size percents

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