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 Sales $ 466,676 $ 357,512 Cost of goods sold 280,939 225, 233 Gross profit 185,737 132,279 Selling expenses 66,268 49,337 Administrative expenses 42,001 31,461 Total expenses 188,269 80,798 Income before taxes 77,468 51,481 Income tax expense 14,409 10,554 Net income $ 63,059 $ 40,927 2019 $ 248,100 158,784 89,316 32,749 20,592 53,341 35,975 7, 303 $ 28,672 2020 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 Assets Current assets $ 60,818 Long-term investments Plant assets, net 114,703 Total assets $ 175,521 Liabilities and Equity Current liabilities $ 25,626 Common stock 65,000 Other paid-in capital 8,125 Retained earnings 76, 770 Total liabilities and equity $ 175,521 $ 40,706 800 104,298 $ 145,804 $ 54,414 3,280 63,195 $ 120,799 $ 21,725 65,000 8,125 50,954 $ 145,804 $ 21,140 47,000 5,222 47,437 $ 120, 799 camolate the helow table to calculate income statement data in common-size percents (Round you 2. Complete the below table to calculate income statement data in common-size percent. (Round your per decimal places.) 2019 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expenso Net income % %