NUNUN LUTHIE Comparative Income Statements For Years Ended December 31 2821 2020 Sales $ 545, 302 $ 417,746 Cost of goods sold 328,272 263,180 Gross profit 217,30 154,566 Selling expenses 77,433 57,649 Administrative expenses 49,077 36,762 Total expenses 126,510 94,411 Income before taxes 90,520 60, 155 Income tax expense 16,837 12,332 Net income $ 73,683 $ 47,823 2019 $ 289,980 185,536 184,364 38,267 24,062 62,329 42,035 8,533 $ 33,502 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 56,834 $ 38, 39 Long-term investments 600 Plant assets, net 105,549 96, 252 Total assets $ 162,383 $ 134,891 Liabilities and Equity Current liabilities $ 23,708 $ 20,899 Common stock 72,800 72,eee Other paid-in capital 9, eee 9, eee Retained earnings 57,675 33,792 Total liabilities and equity $ 162,383 $ 134,891 rev. 09_08_2021_QC_CDR-376,10_13_2021_QC_CDR-376 $ 50,849 4,57 56,338 $ 111,757 $ 19,557 54, eee 6,000 32,200 $ 111,757 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets % % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % %6 100.00% Liabilities and Equity Current liabilities Common stock %6 100.00 % 100.00 Other paid-in capital 100.00 Retained earnings 100.00 100.00 % Total liabilities and equity %6 G