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 2821 2020 2019 Sales $ 466,676 $ 357,512 $ 248,109 Cost of goods sold 280,939 225, 233 158,784 Gross profit 185,737 132,279 89,316 Selling expenses 66,268 49,337 32,749 Administrative expenses 42,001 31,461 20,592 Total expenses 108,269 80,798 53,341 Income before taxes 77,468 51,481 35,975 Income tax expense 14,409 10,554 7,303 Net income $ 63,859 $ 40,927 $ 28,672 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 60,818 $ 40,706 Long-term investments 800 Plant assets, net 114,703 104,298 Total assets $ 175,521 $ 145,804 Liabilities and Equity Current liabilities $ 25,626 $ 21,725 Common stock 65,000 65,000 Other paid in capital 8,125 Retained earnings 76,770 50,954 Total liabilities and equity $ 175,521 $ 145,804 $ 54,414 3,280 63.105 $ 120,799 8,125 $ 21,140 47,000 5,222 47,437 $ 120,799 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year (Round your perc answers to 2 decimal places.) KORBIN COMPANY 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 % % 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 %