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 2018 $ 327,828 2017 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2019 $ 427,928 257,613 $ 227,500 206,859 145,600 170,315 120,969 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 2018 2017 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital $ 52,245 4,760 56,682 $ 58,394 0 $ 39,083 600 97,537 $ 113,687 106,793 $ 165,187 $ 137,220 $ 24,117 $ 20,446 $ 19,895 71,000 8,875 71,000 53,000 8,875 5,889 61,195 36,899 34,903 Total liabilities and equity $ 165,187 $ 137,220 $ 113,687 Retained earnings 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)