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$[$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 $31$

$202120202019$

Sales $ $460,469$ $ $352,757$ $ $244,800$

Cost of goods sold $277,202223,295156,672$

Gross profit $183,267129,46288,128$

Selling expenses $65,38748,68032,314$

Administrative expenses $41,44231,04320,318$

Total expenses $106,82979,72352,632$

Income before taxes $76,43849,73935,496$

Income tax expense $14,21710,1967,206$

Net income $ $62,221$ $ $39,543$ $ $28,290$

KORBIN COMPANY

Comparative Balance Sheets

December $31$

$202120202019$

Assets

Current assets $ $55,774$ $ $37,329$ $ $49,901$

Long$-$term investments $04004,480$

Plant assets, net $103,57994,64555,291$

Total assets $ $159,353$ $ $132,374$ $ $109,672$

Liabilities and Equity

Current liabilities $ $23,266$ $ $19,724$ $ $19,193$

Common stock $64,00064,00046,000$

Other paid$-$in capital $8,0008,0005,111$

Retained earnings $64,08740,65039,368$

Total liabilities and equity $ $159,353$ $ $132,374$ $ $109,672$

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

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