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Required Information [The following information applies to the questions displayed below) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Conparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 417,770 $ 320,646 5 222,1ee Cost of goods sold 251,498 201,629 142,144 Gross profit 166,272 118,417 79,956 Selling expenses 59,323 44,166 29,317 Adninistrative expenses 37.599 28,164 18,434 Total expenses 96,922 72,330 47.751 Income before taxes 69,350 46,087 32,205 Income tax expense 12,899 9,448 6,538 Net income $ 56,451 $36,639 $ 25,667 KOROIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets 355.625537.363 $49.946 Long-term investments GAL 2.580 Plant assets, het 95,870 3035 Total assets $ 161, 11e 5.153.835 11.881 Liabilities and Equity Current Liabilities $21.522 19.941 $ 19,404 Common stock 68.000 68.000 50,000 Other paid in 8.5 Retained in CIB 22/12 25.921 $ 161.110 5 133.335 11.881 Total abilities eta 2 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, 2019. 2018, and 2017 2019 2018 % 2017 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net Income