equired information roblem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 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 $ 499,970 $ 383,018 $ 265,800 Cost of goods sold 300,982 239,769 170,112 Gross profit 198,988 143,249 95,688 Selling expenses 70,996 52,856 35,086 Administrative expenses 44,997 33,706 22,061 Total expenses 115,993 86,562 57,147 Income before taxes 82,995 56,687 38,541 Income tax expense 15,437 11,621 7,824 Net income $ 67,558 $ 45,066 $ 30, 717 MANO 138833032_18348.jpg 1392 139025913_13573...19 199465729_28038....jpg arch o B c F F10 F8 F9 F F6 FZ F2 F5 % & om/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F Saved Required 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 59,288 $ 39,682 Long-term investments 0 1,100 Plant assets, net 108,430 98,541 Total assets $ 167,718 $ 139,323 Liabilities and Equity Current liabilities $ 24,487 $ 20,759 Common stock 68,000 68,000 Other paid-in capital 8,500 8,500 Retained earnings 66,731 42,064 Total liabilities and equity $ 167,718 $ 139,323 $ 53,045 4,530 57,854 $ 115,429 $ 20,200 50,000 5,556 39,673 $ 115,429 Problem 17-2A Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as bas answers to 2 decimal places.) KORRIN COMPANY 139465729_28038....9 139025913_135731pg 138633032_1834.jpg search L Tab y! blackboard ccbc Yahe X s Question 4 - Chapter 1 x f Facebo tion.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F Nork Required Saved nmnlata the hain tahle to calculate the balanco cheat nata in trenni narrante tanth 11 Required information KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 100.00 % 100.00 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 100.00 % % % 100.00 % Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 100 00 100.00 100.00 96 % jpg 139465729_28036-jpg 139025913_13573.JPG 130833032_18343.jpg to search