KORBIN GOMPANY Common-Size Comparative Income Statements \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ For Years Ended December 31, 2021, 2020, and 2019} \\ \hline & 2021 & & 2020 & & 2019 & \\ \hline Sales & 381,655,00 & % & 292,379.00 & % & 202,900,00 & % \\ \hline Cost of goods sold & 229,756,00 & & 184,784.00 & & 129.856 .00 & \\ \hline Gross profit & 151,899.00 & & 107,595,00 & & 73.044 .00 & \\ \hline Selling expenses & 54,195.00 & & 40,348,00 & & 26.783 .00 & \\ \hline Administrative expenses & 34,349.00 & & 25,729.00 & & 16,841.00 & \\ \hline Total expenses & 88,544,00 & & 66,077.00 & & 43,624.00 & \\ \hline Income before taxes & 63,355.00 & & 41,518.00 & & 29.420 .00 & \\ \hline Income tax expense & 11,784.00 & & 8,511.00 & & 5.97200 & \\ \hline Net income & 51,571.00 & % & 33.007 .00 & % & 23,44800 & % \\ \hline \end{tabular}