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 $ 225,900 Sales Cost of goods sold $ 424,918 255,801 2020 $ 325,522 204,428 144,576 Gross profit 169,117 121,094 81,324 Selling expenses 60,338 44,922 29,819) Administrative expenses 38,243 28,646 18,750 Total expenses 98,581 73,568 48,569 Income before taxes 70,536 47,526 32,755 Income tax expense 13,120 9,743 6,649 Net income $ 57,416 $ 37,783 $ 26,106 KORBIN COMPANY Comparative Balance Sheets Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock December 31 2021 2020 0 $ 41,663 800 $ 62,248 112,116 102,381 $ 174,364 $ 144,844 2019 $ 55,693 3,200 61,110 $ 120,003 $ 21,001 45,000 5,000 Other paid-in capital Retained earnings $ 25,457 63,000 7,875 78,032 $ 21,582 63,000 7,875 52,387 Total liabilities and equity $ 174,364 $ 144,844 $ 120,003 49,002 2. Complete the below table to calculate income statement data in common-size percents. (Round your pe decimal places.) 2. Complete the below table to calculate income statement data in common-size percents. decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 % 2020 2019 % 16 % % % %