! 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 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 409,118 $313, 418 $ 217,500 Cost of goods sold 246,289 197,453 139,200 Gross profit 162,829 115,965 78,300 Selling expenses 58,095 43,252 28, 710 Administrative expenses 36,821 27,581 18,053 Total expenses 94,916 70,833 46,763 Income before taxes 67,913 45,132 31,537 Income tax expense 12,632 9, 252 6,402 Net income $ 55,281 $ 35,880 $ 25,135 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 56,259 $ 37,654 Long-term investments 0 700 An 2017 $ 50,335 3,380 PAR SAFA 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 56,259 $ 37,654 Long-term investments 0 700 Plant assets, net 106, 104 96,520 Total assets $ 162,363 $ 134,874 Liabilities and Equity Current liabilities $ 23, 705 $ 20,096 Common stock 70,000 70,000 Other paid-in capital 8,750 8,750 Retained earnings 59,908 36,028 Total liabilities and equity $ 162,363 $ 134,874 $ 50, 335 3,380 58,028 $ 111,743 $ 19,555 52,000 5,778 34,410 $ 111,743 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round y answers to 2 decimal places.) Answer is not complete. KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Prev 22 23 of 24 Next ANEWAP Innt namnet Required information Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets 112.00 X % 75.00 X % 100.00 % 0.00 0.00 X 100.00 Long-term investments Plant assets, net 100.00 % % 100.00 % Total assets Liabilities and Equity Current liabilities 103.00 % 100.00 % 121.00 % 135.00 X Common stock 100.00 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 % % 100.00 % Prey 22 23 of 24 Next >