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 $ 528,373 $ 404,777 Cost of goods sold 318,081 255, 414 Gross profit 210, 292 149, 363 Selling expenses 75,029 55,859 Administrative expenses 47,554 35,620 Total expenses 122,583 91,479 Income before taxes 87,709 57,884 Income tax expense 16,314 11,866 Net income 5 71,395 $ 46, 018 2019 $ 280,900 179,776 101,124 37,079 23,315 60,394 40,730 8,268 $ 32,462 KORBIN COMPANY Comparative Balance Sheets December 31 2020 2020 2019 $ 58,549 3 187,077 $ 165,626 $ 39,187 1,100 97, 298 $ 137,585 $ 52,384 4,420 57. 185 $ 113,989 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 $ 24,181 72,000 9,000 68,445 $ 165,626 $ 28,500 72,000 9,000 36,085 $ 137,585 $ 19,948 54, eee 6,800 34,041 $ 113,989 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year ( answers to 2 decimal places.) KORBIN COMPANY Other paid-in capital Retained earnings Total liabilities and equity 9,000 60,445 $ 165,626 9,000 36,085 $ 137,585 6,080 34,841 $ 113,989 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 a answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets % 100.00 % 100.00 % Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 100.00 % % % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earings Total liabilities and equity 100.00 100.00 % %