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 Sales $ 517,275 $ 396,275 2019 $ 275,000 Cost of goods sold 311,400 250,050 176,000 Gross profit 205,875 146,225 99,000 Selling expenses 73,453 54,686 36,300 Administrative expenses 46,555 34,872 22,825 Total expenses 120,008 89,558 59,125 Income before taxes Income tax expense Net income 85,867 56,667 39,875 15,971 11,617 8,095 $ 69,896 $ 45,050 $ 31,780 Assets Current assets Long-term investments Plant assets, net Total assets $ 174,008 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 25,405 67,000 8,375 73,228 KORBIN COMPANY Comparative Balance Sheets December 31 2021 $ 61,512 0 112,496 2020 $ 41,170 400 102,978 $ 144,548 67,000 8,375 47,635 2019 $ 55,035 4,040 60,683 $ 119,758 $ 20,958 49,000 5,444 44,356 $ 21,538 Total liabilities and equity $ 174,008 $ 144,548 $ 119,758 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Current Ratio Numerator: 1 Denominator: = Current ratio 1 = Current ratio 1 = to 1 1 1 = to 1 = to 1