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Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY

Comparative Income Statements

For Years Ended December $31$

$202120202019$

Sales $ $555,000$ $ $340,000$ $ $278,000$

Cost of goods sold $283,500212,500153,900$

Gross profit $271,500127,500124,100$

Selling expenses $102,90046,92050,800$

Administrative expenses $50,66829,92022,800$

Total expenses $153,56876,84073,600$

Income before taxes $117,93250,66050,500$

Income tax expense $40,80010,37015,670$

Net income $ $77,132$ $ $40,290$ $ $34,830$

KORBIN COMPANY

Comparative Balance Sheets

December $31$

$202120202019$

Assets

Current assets $ $52,390$ $ $37,924$ $ $51,748$

Long$-$term investments $05003,950$

Plant assets, net $100,00096,00060,000$

Total assets $ $152,390$ $ $134,424$ $ $115,698$

Liabilities and Equity

Current liabilities $ $22,800$ $ $19,960$ $ $20,300$

Common stock $72,00072,00060,000$

Other paid$-$in capital $9,0009,0006,000$

Retained earnings $48,59033,46429,398$

Total liabilities and equity $ $152,390$ $ $134,424$ $ $115,698$

$2.$ Complete the below table to calculate income statement data in common$-$size percents.

Note: Round your percentage answers to $2$ decimal places.