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 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2020 $ 563,736 339,369 $ 431,868 271,213 2019 $ 299,700 191,808 224,367 160,655 107,892 80,051 59,598 39,560 50,736 38,004 24,875 130,787 97,602 64,435 93,580 63,053 43,457 17,406 12,926 8,822 $ 76,174 $ 50,127 $ 34,635 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets Long-term investments Plant assets, net Total assets Current liabilities Liabilities and Equity Common stock Other paid-in capital Retained earnings $ 56,728 $ 37,968 1,000 94,338 0 103,747 $ 160,475 $ 133,306 $ 23,429 67,000 8,375 61,671 $ 19,863 67,000 8,375 38,068 $ 50,755 3,870 55,819 $ 110,444 $ 19,328 49,000 5,444 36,672 Total liabilities and equity $ 160,475 $ 133,306 $ 110,444 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)