m. Part 2 of 4 Required information Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 (The following information applies to the questions displayed below. 9.09 points Selected comparative financial statements of Korbin Company follow. Skipped eBook Print KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 499,217 $ 382,441 $ 265,400 Cost of goods sold 300,529 240,555 169,856 Gross profit 198,688 141,886 95,544 Selling expenses 70,889 52,777 35,033 Administrative expenses 44,930 33,655 22,028 Total expenses 115,819 86,432 57,061 Income before taxes 82,869 55,454 38,483 Income tax expense 15,414 11,368 7,812 Net income $ 67,455 $ 44,086 $ 30,671 References KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 $ 57,651 Assets Current assets Long-term investments Plant assets, net $ 38,586 1,000 94,560 $ 51,580 3,610 55,950 103,835 3 0 103,835 $ 161,486 1,000 94,560 $ 134,146 3,610 55,950 $ 111, 140 Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Part 2 of 4 $ 23,577 71,000 8,875 58,034 $ 161,486 $ 19,988 71,000 8,875 34,283 $ 134, 146 $ 19,450 53,000 5,889 32,801 $ 111, 140 9.09 points Skipped Problem 17-2A Part 2 eBook Print 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Check my work 3 Problem 17-2A Part 2 Part 2 of 4 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 9.09 points KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Skipped 2017 Sales % % % eBook Cost of goods sold Print Gross profit References Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % %