KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 553,766 $ 424,230 $ 294,400 Cost of goods sold 333, 367 268,962 188, 416 Gross profit 220, 399 155, 268 105,984 Selling expenses 78,635 58,544 38, 861 Administrative expenses 49,839 37,332 24,435 Total expenses 128,474 95,876 63, 296 Income before taxes 91, 925 59,392 42, 688 Income tax expense 17,098 12, 175 8,666 Net income $ 74,827 47,217 $ 34,022 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 61, 512 $ 41,170 $ 55,035 Long-term investments 1, 100 3,130 Plant assets, net 110, 791 100, 861 60, 419 Total assets $ 172, 303 $ 143,131 $ 118,584 Liabilities and Equity Current liabilities $ 25,156 $ 21,327 $ 20,752 Common stock 73,000 73,000 55,000 Other paid-in capital 9, 125 9, 125 6, 111 Retained earnings 65,022 39,679 36,721 Total liabilities and equity $ 172, 303 $ 143, 131 $ 118, 584Current liabilities $ 25,156 $ 21,327 $ 20,752 Common stock 73,000 73,090 55,000 Other paid-in capital 9,125 9,125 Retained earnings 6, 111 65,022 39,679 36,721 Total liabilities and equity $ 172, 303 $ 143,131 $ 118,584 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: 1 Choose Denominator: Current ratio Current ratio 2019 to 1 2018 to 1 2017 S to 13. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % 100.00 % Liabilities and Equity Current liabilities % % 100.00 Common stock 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 %