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Required information (The following information applies to the questions displayed below) Selected comparative financial statements of Korbin Company follow, XORDIN COMPANY Comparative Income Statemente Tor

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Required information (The following information applies to the questions displayed below) Selected comparative financial statements of Korbin Company follow, XORDIN COMPANY Comparative Income Statemente Tor Years Ended December 31, 2021, 2020, and 2019 2023 2020 2019 sales $ 560.350 $ 429,274 $ 297,900 cout of goods sold 337,331 270.013 190.656 Gross profit 223,019 159,261 107,244 Selling expenses 79.570 59.240 39,323 Administrative expenses 50.432 37,776 24, 226 Total expenses 130.002 97,016 66.049 Incone before taxen 93,017 62,265 43,195 Theone tax expense 17.301 12,760 Net Income $25,716 49,485 $ 34,426 2019 KORDIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 57,441 $ 38,046 Long-term investments 700 plant assets, net 105,52 95,836 Total assets $ 162,493 $ 124,902 Liabilities and Equity Current liabilities $ 23,724 $ 20,112 Common stock 68,000 68,000 Other paid in capital 8,500 8,500 Retained earning 62,269 30.370 Total liabilities and equity 5 162,493 $ 134.982 $ 51,393 3,750 $6,690 5 111.833 $19.571 50.000 5,556 36,706 $ 111,833 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 % 100.00 % 100.00 100.00 100.00% Assets Current assets Long-term investments Piant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100,00 % 100,00 100.00 100.00 100.00

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