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 $ 386,169 $ 295,837 $ 205,300 Cost of goods sold 232,474 186,969 131,392 Gross profit 153,695 108,868 73,968 Selling expenses 54,836 40,826 27,100 Administrative expenses 34,755 26,034 17,640 Total expenses 89,591 66,860 44, 140 Income before taxes 64,104 42,008 29,768 Income tax expense 11,923 8,612 6,643 Net income $ 52,181 $ 33,396 $ 23,725 2018 2017 $ 37,425 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 55,916 Long-term investments Plant assets, net 102,262 Total assets $ 158, 178 Liabilities and Equity Current liabilities $ 23,094 Common stock Other paid-in capital 7,875 Retained earnings 64,209 Total liabilities and equity $ 158, 178 9 3,073 $ 131,398 $ 50,028 4,610 54,225 $ 108,863 $ 19,578 63,000 7,875 40,945 $ 131,398 $ 19,651 45,000 5,000 39,812 $ 108,863 209 13. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % % 100,00 % 100.00 100.00 100,00 % % % Long-term investments Plant 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 % %