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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 466,300 $ 357,224 $ 247,900 Cost of goods sold 280,713 225,051 158,656 Gross profit 185,587 89,244 Selling expenses 66,215 32,723 Administrative expenses 41,967 31,436 20,576 Total expenses 108,182 80,733 53,299 Income before taxes 77,405 51,440 35.945 Income tax expense 14,397 10,545 7,297 Net income $ 63,008 $ 40,895 $ 28,648 132,173 49,297 2018 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 59,956 Long-term investments Plant assets, net 111,348 Total assets $ 171,304 Liabilities and Equity Current liabilities $ 25,010 Common stock 71,000 Other paid-in capital 8,875 Retained earnings 66,419 Total liabilities and equity $ 171,304 $ 40,129 500 101,673 $ 142, 302 $ 53,643 4,280 59,974 $ 117,897 $ 21, 203 71,000 8,875 41,224 $ 142,302 $ 20,632 53,000 5,889 38,376 $ 117,897 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % % 100.00 % 100.00 Long-term investments Plant assets. net 100.00 Total assets % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 100.00 % % %