Required information 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 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2020 $ 426,987 257,046 $ 327,107 206,405 2019 $ 227,000 145,280 169,941 120,702 81,720 60,632 45,141 29,964 38,429 28,785 18,841 99,061 73,926 48,805 70,880 46,776 32,915 13,184 9,589 6,682 $ 57,696 $ 37,187 $ 26,233