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 2027 Sales $1428.680 S1329404 $227900 Cost of goods sold 258, 065 1205252 1954 856 GEOSS profit 170615 123, 152 92044 Selling expenses 60879 951 320 SOMOS Administrative expenses 39 581 29, 900 18 916 Total expenses 1792201 999 Income before taxes 162 984 932 B045 Income tax expense 11326 10082 6708 Net Income S925 9900 S2637 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 55, 203 $ 36, 948 Long-term investments 0 800 Piant assets. net 102, 520 93,272 Total assets $157, 723 $ 131,020 Liabilities and Equity Current liabilities $ 23,028 S 19, 522 Common stock 72,000 172.000 Other paid-in capital 9000 9,000 Retained earnings 53, 695 30) 498 Total 11 abilities and equity $ 157,728 SIS1029 $ 49, 390 3, 650 55,510 $ 108,550 $ 18,996 54,000 6 000 29,554 S10550 2. Complete the below table to calculate income statement data in common-size percents. (Rou decimal places.) 2017 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % se