PT. 2 Selected comparative financial statements of Korbin Company follow.

Selected comparative financial statements of Korbin Company follow. 2017 KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales $ 534,956 $ 499,820 $ 284,480 Cost of goods sold 322,044 256,547 182,016 Gross profit 212,912 153,273 102,384 Selling expenses 75,964 56,555 37,541 Administrative expenses 48,146 36,864 23,605 Total expenses 124, 118 92,619 61,146 Income before taxes 88, 802 60,654 41, 238 Income tax expense 16,517 12,434 8,371 Net income $ 72,285 $ 48,220 $ 32,867 2018 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 57,661 Long-term investments Plant assets, net 103,854 Total assets $ 161,515 Liabilities and Equity Current liabilities $ 23,581 Common stock 68,888 Other paid-in capital 8,500 Retained earnings 61,434 Total liabilities and equity $ 161,515 $ 38,593 509 95, 077 $ 134,178 $ 51,589 3,800 55,771 $ 111,160 $ 19,991 68,000 8,500 37,679 $ 134,170 $ 19,453 50, eee 5,556 36,151 $ 111,160 2. Complete the below table to calculate Income statement data in common-size percents. (Round your pe decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 %6 %6 %6 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income %6 %6 %6