Koester, Inc. Comparative Income Statement For the Year Ended December 31 + 2020 2019 2018 Sales revenue $5,179,016 $5,102,786 $4.960,100 2,806,148 2,692,061 2,530,617 Cost of goods sold Gross proft 2,372,868 2.410.725 2,429,483 Operating expenses 1,708,339 1,679,908 1,643,773 Operating income 664,529 730,817 785,710 Interest expense, net 42,279 58,081 61,611 (29.799) (23,518) (16,755) Other non-operating (income). net Income before income tax 652,049 696,254 740,854 Income tax expense 235.030 123,531 203,222 Net income $417,019 $572,723 $537.632 Koester, Inc. Comparative Balance Sheet As of December 31 Assets 2020 2019 Cash $997,734 $1,156,835 Accounts receivable (net) 760,643 759,033 Inventory 376,897 418,633 Prepaid expenses and other current assets 277,226 302,649 Total current assets 2,412,500 2,637,150 Property, plant, & equipment (net) 547,104 586,526 Other assets 1,412,709 1,532,816 Total Assets $4,372,313 $4,756,492 $117.994 $28,995 Liabilities and Stockholders' Equity Short-term borrowings Current portion of long-term debt Accounts payable 100,000 189,130 265,936 349,159 Accrued expenses 796,473 880,038 Income taxes payable 182,782 279,849 Total current liabilities 1,463,185 1,727,171 Long-term debt 525,000 400,000 Other 282,395 243,509 Total noncurrent liabilities 807,395 643.509 Stockholders' Equity Common stock $1.00 par value 441369 441,369 Additional pald.in capital 1.589 281 1,594,332 Treasury stock 1935,711) (473,349) Retained earnings 1006,794 823460 Total stockholders equity 2,101733 2385,812 Total Liabilities and Stockholders' Equity $4372 313 $4,756,492 Prepare common-size Income statements for 2018, 2019 and 2020 and common-size balance sheets for 2019 and 2020. (Round percentage answers to 2 decimal places, eg. 52.70. List Assets in order of liquidity. Do not leave any answer field blank Enter for amounts. Enter negative amounts using either a negative sign preceding the number, eg.-45) ncome Statement 2020 2019 2018 Cost of goods sold % % Sales revenue %6 % Gross proht % %6 Operating expenses 96 % Operating income % % Other non-operating income), net % % Interest expense, net 96 % Income before taxes 96 % Income tax expense % 96 96 Net income Assets 2020 2019 Cash Accorect Inventory Prepaid ex Totalcarrassa Property mantine O assets boli pllll Ill1 TOIDULIS Toets Liabilities & Stockholders' Equity Current portion of long term y Accruede Income taxes payable Short-term borrowings Accounts we Total current sites Other Commons 5100 par VR Totalnoncurrenti Stockholders' Equity Longer LIDODO ITO LOLLO DE Addicha pa napital Ratinding Tresso Tooder ve Totholder