KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 mpany follow. Sales $ 388,050 2020 $ 297,278 2019 $ 206,300 Cost of goods sold 233, 606 186,691 132,032 Gross profit 154,444 110,587 74,268 Selling expenses 55,103 41,024 27,232 Administrative expenses 34,925 26,160 17,123 Total expenses 90,028 67, 184 44, 355 Income before taxes 64,416 43,403 29,913 Income tax expense 11,981 8,898 Net income $ 52,435 $ 34,505 6,072 $ 23,841 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 2021 2020 $ 58,992 0 $ 39,483 600 99,929 109,556 $ 168,548 $ 140,012 $ 24,608 $ 20,862 65,000 2019 $ 52,780 3,260 59,960 $ 116,000 $ 20,300 47,000 5,222 65,000 Retained earnings 8,125 78,815 8,125 46,025 Total liabilities and equity $ 168,548 $ 140,012 $ 116,000 43,478 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Denominator: Numerator: 7 2021 1 2020 1 2019 = Current ratio Current ratio 0 to 1 0 to 1 = 0 to 1