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Required information [ The following information applies to the questions displayed below. ] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income

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Required information [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 3120212020 $ $ 467,052357,800281,165223,625185,887134,17566,32149,37642,03531,486108,35680,86277,53153,31314,42110,929 $ $ 63,11042,384 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets 2020 Assets Current assets Long-term investments Plant assets, net Total assets December 312021 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2019 $ 248,300158,912 $ $ 55,20936,9514000102,53093,682 $ $ 157,739131,033%89,38832,77620,60953,385%36,0037,309% $ 28,6943. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. Note: Round your percentage answers to 2 decimal places. KORBIN COMPANY Balance Sheet Data in Trend Percents December 31,2021,2020 and 201920212020% $ $ 23,03019,52464,00064,0008,0008,00062,70939,5095,11138,452 $ $ $ 157,739131,033108,5612019 $ 49,3953,64055,526 $ 108,561 $ 18,99846,000%100.00%100.00100.00%100.00%2019%100.00%100.00100.00%100.00100.00%b
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