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, 2019, 2018, and 2017 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2018 $ 327,828 206,859 2017 $ 227,500 2019 $ 427,928 257,613 145,600 170,315 120,969 81,900 60,766 45,240 30,030 38,514 28,849 18,883 99,280 74,089 48,913 71,035 46,880 32,987 13,213 9,610 6,696 $ 57,822 $ 37,270 $ 26,291 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets 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 2018 2017 $ 58,394 106,793 0 $ 39,083 600 97,537 52,245 4,760 56,682 $ 165,187 $ 137,220 $ 113,687 $ 24,117 $ 20,446 $ 19,895 71,000 8,875 61,195 71,000 8,875 36,899 53,000 5,889 34,903 $ 165,187 $ 137,220 $ 113,687 3. 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.)