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. Sales KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Cost of goods sold Gross profit Selling expenses Total expenses Administrative expenses Income before taxes Income tax expense Net income 2021 $ 426,987 257,046 2020 $327,107 2019 $227,000 206,405 145,280 169,941 120,702 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