Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. R. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 20211 2020 2819 Sales $ 483,229 $ 370, 193 $ 256, 900 cost of goods sold 290 964 233, 222 164,416 Gross profit 192, 325 136, 971 92,484 Selling expenses 68 619 51,087 33,911 Administrative expenses 43 491 32 577 21,323 Total expenses 112, 110 83,664 55,234 Income before taxes 80,215 53,307 37,250 Income tax expense 14,920 10,928 7,562 Net income $ 65,295 $ 42,379 $ 29,688 2020 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 Assets Current assets $ 60,834 Long-term investments Plant assets, net 114,732 Total assets $ 175, 566 Liabilities and Equity Current liabilities $ 25,633 Common stock 66,000 Other paid-in capital 8) 250 Retained earnings 75,683 Total liabilities and equity $ 175,566 $ 40, 716 1,000 104, 126 $ 145, 842 $ 54,428 13,310 63,092 $ 120,830 $ 21,730 66,000 8,250 49,862 $ 145,842 $ 21, 145 48,000 5,333 46,352 $ 120,830 3. Complete the below table to calculate the balance sheet data in trend percents with 20 answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets 100.00% Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 100.00 100.00 % % Common stock 100.00 % 100.00 100.00 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 %