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 $ 440,530 $ 337,482 $ 234, 200 Cost of goods sold 265, 199 211,264 149,888 Gross profit 175, 331 126,218 84,312 Selling expenses 62,555 46, 573 30,914 Administrative expenses 39,648 29,698 19,439 Total expenses 102, 203 76,271 50, 353 Income before taxes 73, 128 49,947 33,959 Income tax expense 13,602 10,239 6,894 Net income $ 59,526 $ 39,708 $ 27,065 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 52,946 $ 35,437 Long-term investments 1,100 Plant assets, net 99,857 90, 396 90.396 Total assets $ 152,803 $ 126,933 Liabilities and Equity Current liabilities $ 22,309 $ 18,913 Common stock 69,000 69,000 Other paid-in capital 8,625 8.625 Retained earnings 52,869 30,395 Total liabilities and equity $152,803 $ 126,933 $ 47,371 3,470 54, 323 $ 105, 164 $ 18,404 51,000 5, 667 30,093 $ 105, 164 Common stock Other paid-in capital Retained earnings Total liabilities and equity 69,000 8.625 52,869 $152,803 69,000 8.625 30,395 $126,933 51,000 5,667 30,093 $ 105,164 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answer decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income catement Analysis Project i Saved Help Total liabilities and equity $152,803 $126,933 $ 105,104 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 Long-term investments 100.00 % 100.00 100.00 100.00 % Plant assets, net Total assets Llabilities and Equity Current liabilities 100.00 % 100.00 100.00 Common stock Other paid in capital Retained oamings Total liabilities and equity 100.00 100.00 %