Required information Problem 13-2A 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, 2019, 2018, and 2017 2019 2018 2017 Sales $ 437, 333 $335,033 $232,500 Cost of goods sold 263, 274 211,071 148,800 Gross profit 174,059 123,962 83,700 Selling expenses 62,10146,235 30,690 Administrative 39,360 29,483 19,298 expenses Total expenses 101,461 75,718 49,988 Income before 72,598 48,244 33,712 Income tax expense_13,503 9,890 6,844 Net income $ 59,095 $ 38,354 $ 26,868 taxes KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 57,902 $ 38,754 $ 51,805 Long-term investments 0 700 3,970 Plant assets, net 110,909 100,776 60,406 Total assets $168,811 $140, 230 $116,181 Liabilities and Equity Current liabilities $ 24,646 $ 20,894 $ 20,332 Common stock 64,000 64,000 46,000 Other paid-in capital 8,000 8,000 5,111 Retained earnings 72,165 47,336 44,738 Total liabilities and $168,811 $140, 230 $116,181 equity Problem 13-2A Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your Problem 13-2A Part 3 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.) 2017 % KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00% 100.00 100.00 100.00% 1% 1% 100.00 % 100.00 100.000 100.00 100.00% %