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 $ 491,882 296,113 2020 $ 376,822 2019 $ 261,500 238,152 167,360 Gross profit 195,769 138,670 94,140 Selling expenses 69,847 52,001 34,518 Administrative expenses 44,269 33,160 21,705 Total expenses 114,116 85,161 56,223 Income before taxes 81,653 53,509 37,917 Income tax expense 15,187 10,969 7,697 Net income $ 66,466 $ 42,540 $ 30,220 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 58,098 Long-term investments 0 Plant assets, net 107,897 Total assets $ 165,995 $ 137,891 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 24,235 71,000 8,875 61,885 Total liabilities and equity $ 165,995 $ 137,891 $ 38,885 1,100 97,906 $ 20,546 71,000 8,875 37,470 $ 51,981 4,340 57,922 $ 114,243 $ 19,993 53,000 5,889 35,361 $ 114,243 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: Current Ratio Denominator: = Current ratio = Current ratio = 0 to 1 = 0 to 1 = 0 to 1