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 2020 2019 $ $ $ Sales 439,482 336,618 233,608 Cost of goods sold 264,520 210,723 149,504 Gross profit 174,882 125,895 84,096 Selling expenses 62,395 46, 453 30, 835 Administrative 39,546 expenses 29,622 19,389 Total expenses 101,941 76,075 50,224 Income before 72,941 taxes 49,828 33,872 Income tax expense_13,567 10,213 6.876 Net income 59,374 39,607 26,996 KORBIN COMPANY Comparative Balance Sheets December 31 2e21 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 161,908 134,496 111, 430 Liabilities and Equity $ $ $ Current Liabilities 23,639 20,840 19,500 Common stock 69,880 69,000 51,080 Other paid in capital 8,625 8,625 5,667 Retained earnings 60,644 36,831 35,263 Total Liabilities and $ 5 $ equity 161,908 134,496 111,430 2. Complete the below table to calculate income statement data in common se percenes. Round your percentage answers to 2 decimal places) KORDIN COMPANY Gommon-Size Comparative Income Statements For Year Ended December 21, 2021 2020 and 2019 2021 2020 2010 Sales % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expen Income before Income tax expense Net income