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 2017 Sales $ 539,095 $ 412,991 $286,600 Cost of goods sold 324,535 260, 184 183, 424 Gross profit 214,560 152,807 103,176 Selling expenses 76,551 56,993 37,831 Administrative expenses 48,519 36, 343 23, 788 Total expenses 125,070 93,336 61,619 Income before taxes 89,490 59,471 41,557 Income tax expense 16,645 12,191 8,436 Net income $ 72,845 $ 47,280 $ 33, 121 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 61,350 $ 41,062 Long-term investments 0 1,100 Plant assets, net 115,705 104,917 Total assets $ 177,055 $147,079 Liabilities and Equity Current liabilities $ 25,850 $ 21,915 Common stock 69,000 69,000 Other paid-in capital 8,625 8,625 Retained earnings 73,580 47,539 Total liabilities and equity $ 177,055 $147,079 $ 54,890 3,900 63,065 $ 121,855 $ 21,325 51,000 5,667 43,863 $ 121,855 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 %