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 2019 Sales $ 562,607 $ 431,203 $ 299,182 Cost of goods sold 338.689 272,394 191,424 Gross profit 223,918 158,609 107,676 Selling expenses 79,892 59,478 39,481 Administrative expenses 50,635 37,928 24,825 Total expenses 138,525 97,486 64,206 Income before taxes 93,393 61,283 43,370 Income tax expense 17.371 12,547 8,884 Net income $ 76,022 $ 48,656 $ 34,566 2e2e 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2821 Assets Current assets $ 57,789 Long-term investments Plant assets, net 125,689 Total assets $ 163, 478 Liabilities and Equity Current liabilities $ 23,868 Common stock 67. Bee Other paid in capital 8,375 Retained carnings 64,235 Total liabilities and equity $ 163,478 $ 38,679 see 96.622 $ 135,891 $ 51,784 3.560 57.247 $ 112,511 $ 20,234 67,000 8.375 40,192 $ 135,801 $ 19,689 49,000 5.444 38,378 $ 112,511 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Year Ended December 31, 2021, 2020, and 2019 2021 2020 Sales 94 % Cast of goods sold Gross profit 2019 % Selling expenses Administrative expenses Total expenses Income before axes Income tax expense Net income %