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 Sales Cost of goods sold 2021 $ 534,016 321,478 2020 $ 409,100 2019 $ 283,900 258,960 181,696 Gross profit 212,538 150,140 102,204 Selling expenses 75,830 56,456 37,475 Administrative expenses 48,061 36,001 23,564 Total expenses 123,891 92,457 61,039 Income before taxes 88,647 57,683 41,165 Income tax expense Net income 16,488 11,825 8,356 $ 72,159 $ 45,858 $ 32,809 KORBIN COMPANY Comparative Balance Sheets December 31 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 2021 2020 2019 $ 63,259 0 117,480 $ 42,339 800 107,000 $ 56,597 4,660 63,133 $ 180,739 $ 150,139 $ 124,390 73,000 $ 26,388 $ 22,371 $ 21,768 73,000 55,000 9,125 6,111 45,643 41,511 9,125 72,226 $ 180,739 $ 150,139 $ 124,390 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets Long-term investments Plant assets, net Total assets % % 100.00% 100.00 100.00 200 % % 100.00% Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00%