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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

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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 2e2e 2019 $ 5 $ Sales 439,402 336,618 233,600 Cost of goods sold 264,520 210,723 149,584 Gross profit 174,882 125,895 84,096 Selling expenses 62,395 46,453 30,835 Administrative expenses 39,546 29,622 19,389 Total expenses 101 941 76,875 se, 224 Income before taxes 72,941 49,820 33,872 Incone tax expense 13,567 10, 213 6.876 $ $ $ Net income 59,374 39,607 26,996 KORBIN COMPANY Comparative Balance Sheets December 31 2821 2020 2019 Assets $ $ Current assets 56,668 37,928 50,701 Long-term investments 1.000 4,760 Plant assets, net 105,240 95,568 55,969 $ Total assets 55 161,988 134,496 111, 438 Liabilities and Equity Current liabilities 23,639 20.040 19,50 Common stock 69,00 69, eee 51,00 Other paid-in capital 8,625 8,625 5,667 Retained earnings 62,644 36,831 35, 263 Total liabilities and $ $ 5 equity 161,905 134,496 111, 432 2. 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 Percenta December 31, 201, 2020 and 2010 2021 2010 Assets Current IS Longinesments Plant assets.net Total Liabilities and Equity 100 DO 100.00 100100 100.00 100.00 100.00 Commons Other pada 100.00 1000

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