! 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 2021 2019 Sales $ 551,133 Cost of goods sold 331,782 2020 $ 422,213 264,305 $ 293,000 187,520 Gross profit 219,351 157,908 105,480 Selling expenses 78,261 58,265 38,676 Administrative expenses 49,602 37,155 24,319 Total expenses 127,863 95,420 62,995 Income before taxes. 91,488 62,488 42,485 Income tax expense 17,017 12,810 8,624 Net income $ 74,471 $ 49,678 $ 33,861 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 56,296 Long-term investments Plant assets, net 0 $ 37,679 800 $ 50,368 102,956 Current liabilities Total assets Liabilities and Equity Common stock $ 159,252 93,811 $ 132,290 $ 109,602 4,600 54,634 Other paid-in capital Retained earnings $ 23,251 64,000 8,000 64,001 $ 19,711 $ 19,180 64,000 46,000 8,000 40,579 5,111 39,311 Total liabilities and equity $ 159,252 $ 132,290 $ 109,602 3. 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. Assets KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Current assets % Long-term investments Plant assets, net Total assets % 100.00 % 100.00 100.00 % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 %