Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Sales KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 340,076 $ 443,916 2019 $ 236,000 Cost of goods sold 267,237 212,888 151,040 8:07 Gross profit 176,679 127,188 84,960 Selling expenses 63,036 46,930 31,152 Administrative expenses 39,952 29,927 19,588 Total expenses 102,988 76,857 50,740 Income before taxes. 73,691 50,331 34,220 Income tax expense Net income 13,707 10,318 6,947 $ 59,984 $ 40,013 $ 27,273 Assets Current assets KORBIN COMPANY Comparative Balance Sheets Long-term investments Plant assets, net Total assets Liabilities and Equity Common stock December 31 2021 $ 55,888 0 102,210 $ 158,098 $ 23,082 64,000 8,000 63,016 2020 $ 37,406 500 93,25 $ 131,331 $ 19,568 64,000 8,000 39,763 Current liabilities Other paid-in capital Retained earnings Total liabilities and equity $ 158,098 $ 131,331 2019 $ 50,003 3,340 55,465 $ 108,808 $ 19,041 46,000 5,111 38,656 $ 108,808 Required: 1. Complete the below table to calculate each year's current ratio.