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[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales $ 474,012 $ 363, 132 $ 252,000 Cost of goods sold 285,355 228, 410 161,280 Gross profit 188,657 134,722 90, 720 Selling expenses 67,310 50, 112 33, 264 Administrative expenses 42,661 31,956 20,916 Total expenses 109,971 82,068 54,180 Income before taxes 78,686 52,654 36,540 Income tax expense 14,636 10,794 7,418 Net income $ 64,050 $ 41,860 $ 29, 122 2019 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 55,330 $ 37,032 Long-term investments 0 600 Plant assets, net 101, 190 92,388 Total assets $ 156,520 $ 130,020 Liabilities and Equity Current liabilities $ 22,852 $ 19, 373 Common stock 68,000 68,000 Other paid-in capital 8,500 8,500 Retained earnings 57, 168 34,147 Total liabilities and equity $ 156,520 $ 130, 020 $ 49,504 3,590 54,628 $ 107,722 $ 18,851 50,000 5,556 33, 315 $ 107,722 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, 2021, 2020, and 2019 2021 2020 2019 Sales % % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % %