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, 2019, 2018, and 2017 2019 2018 2017 Sales $ 384,100 $ 294,252 $ 294,200 Cost of goods sold 231,228 184,496 130, 688 Gross profit 152,872 109,756 73,512 Selling expenses 54,542 40,607 26,954 Administrative expenses 34,569 25,894 16,949 Total expenses 89, 111 66 501 43,903 Income before taxes 63,761 43,255 29,609 Income tax expense 11,860 8,862 6,011 Net income $ 51,901 5. 34,388 5 23,598 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 59,812 $ 40,033 Long-term investments 1,000 Plant assets, net 107,229 98.143 Total assets $ 167,541 $ 139,176 Liabilities and Equity Current liabilities $ 24,461 $ 20,737 Common stock 66,000 66,000 Other paid-in capital 8.250 8,250 Retained earnings 68 830 44.189 Total Habilities and equity $ 167,541 5 139,176 $ 53,514 3,300 58,493 $ 115,307 $ 20,179 48,000 5,333 41,795 $ 115,387 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as 187.229 $ 167,541 98, 143 $ 139,176 58,493 $ 115,307 plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 24,461 $ 20,737 66,000 66,000 8,250 8,250 68,830 44,189 $ 167,541 $ 139,176 $ 20,179 48,009 5,333 41,795 $ 115,397 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.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 % 100.00% 100.00 100.00 100 00 % 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 100.00% 100.00 100.00 100 00 100.00% %