mpany follow. Sales Cost of goods sold KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 388,050 $ 297,278 233,606 186, 691 2019 $ 206,300 132,032 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 Assets KORBIN COMPANY Comparative Balance Sheets December 31 Current assets Long-term investments 2021 2020 2019 $ 58,992 0 $ 39,483 600 $ 52,780 3,260 99,929 59,960 Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital 109,556 $ 168,548 $ 140, 012 $ 116,000 $ 24,608 $ 20,862 47,000 5,222 43,478 $ 20,300 65,000 65,000 Retained earnings 8,125 78,815 8,125 46,025 Total liabilities and equity $ 168,548 $ 140,012 $ 116,000 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: 1 1 1 Current Ratio Denominator: Current ratio Current ratio = 0 to 1 = 0 to 1 = 0 to 1