Problem 17-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 [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 2019 2020 Sales $ 544,173 $416,881 $ 289,300 Cost of goods sold 327,592 263,469 185,152 Gross profit 216,581 153,412 104,148 Selling expenses 77,273 57,530 38,188 Administrative expenses 48,976 36,686 24,012 Total expenses 126,249 94,216 62,200 Income before taxes. 90,332 59,1961 41,948 Income tax expense 16,802 12,135 8,515 Net income $ 73,530 $ 47,061 $ 33,433