KORBIN COMPANY Comparative Income Statements Tor You Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales $ 409,970 $ 313,994 $ 217,900 Cont of goods sold 246,742 198,664 139,456 Gross profit 163,128 115,550 78,444 Selling expenses 58,202 43,331 28,763 Administrative expenses 36,888 27,631 18,096 Total expenses 95,090 170.962 46,869 Income before taxes 68,038 44,588 31,595 Income tax expense 12,655 9.140 6,414 Net income $ 55,383 $ 35,448 $ 25,181 2019 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current sets $ 54,265 $ 36,319 Long-term investments 0 1,100 Plant annets, bet 99,242 90,098 Total at $ 153,507 $ 127,517 Liabilities and Equity Current liabilities $ 22,412 $ 19,000 Common stock 69,000 69,000 Other paid-in capital 8.625 8.625 Retained varningis 53,470 30 892 Total abilities and equity $ 153,507 $ 127,517 $ 48,551 3,110 53.982 $ 105,648 $ 18,488 51.000 5.667 10.493 $ 105.648 2. Complete the below table to calculate income statement data in common.size percents (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales 100.00% 100.00% 100.00% Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % %