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 $ 383,724 S 293,964 $ 284,000 Cost of goods sold 231,92 185.491 13.560 Gross profit 152,722 188,473 73,440 Selling expenses 54,489 48,567 26,928 Administrative expenses 34,535 25,869 16.932 Total expenses 89,824 66,436 43,850 Income before taxes 63,698 42,037 29,580 Income tax expense 11,848 8,615 6,95 Net income $ 51,850 $ 33, 419 $ 23,575 2017 $ 55,582 4,760 KORSIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 62,124 $ 41,579 Long-term investments 70 Plant assets, net 117. 165 186,655 Total assets $ 179,289 $ 148,934 Liabilities and Equity Current liabilities $ 26,176 $ 22,191 Common stock 68,00 68,000 Other paid-in capital 8,500 8,50e Retained earnings 76,613 50,243 Total liabilities and equity $ 179,289 $ 148,934 63. ese $ 123,392 $ 21,594 se, eee 5,556 46.242 $ 123,392 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 100.00 100.00 Total assets Liabilities and Equity Current liabilities % 100.00 Common stock 100.00 100.00 Other paid in capital