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 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets 2019 $537,778 2018 $411,982 2017 $285,900 323,742 257,901 182,976 214,036 154,081 102,924 76,364 56,854 37,739 48,400 36,254 23,730 124,764 93,108 61,469 89,272 60,973 41,455 16,605 12,500 8,415 $ 72,667 $ 48,473 $ 33,040 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 Current assets Long-term investments Plant assets, net Total assets 2019 2018 $ 54,925 0 103,589 $158,514 $ 36,761 800 94,115 $131,676 2017 $ 49,141 4,050 55,903 $ 109,094 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements. For Years Ended December 31, 2019, 2018, and 2017 Cost of goods sold Gross profit Selling expenses Administrative expenses. Total expenses Income before taxes Income tax expense Net income 2019 100.00% 2018 2017 100.00 % 100.00% % % %