Required information Skip to question [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 2020 2019 Sales $ 471,002 $ 360,826 $ 250,400 Cost of goods sold 283,543 225,877 160,256 Gross profit 187,459 134,949 90,144 Selling expenses 66,882 49,794 33,053 Administrative expenses 42,390 31,753 20,783 Total expenses 109,272 81,547 53,836 Income