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 $536, 085 $410,685 $285,000 Cost of goods sold 322,723 257,910 182,400 Gross profit 213,362 152,775 102,600 Selling expenses 76,124 56, 675 37,620 Administrative 48,248 36,140 23,655 expenses Total expenses 124,372 92,815 61,275 Income before 88,990 59,960 41,325 taxes Income tax expense 16,552 12,292 8,389 Net income $ 72,438 $ 47,668 $ 32,936 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 58,913 $ 39,431 $ 52,710 Long-term investments 0 900 3,620 Plant assets, net 111, 111 100,907 60,686 Total assets $170,024 $141,238 $117,016 Liabilities and Equity Current liabilities $ 24,824 $ 21,044 $ 20,478 Common stock 66,000 66,000 48,000 Other paid-in capital 8,250 8, 250 5,333 Retained earnings 70,950 45,944 43,205 Total liabilities and $170,024 $141,238 $117,016 equity 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.) 2017 % KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 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 % 100.00% 100.00 100.00 100.00 % % % 100.00 % 100.00 100.00 100.00 100.00 % %