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Requireu Nord LION [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements

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Requireu Nord LION [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 $ 478,338 $ 366,446 Cost of goods sold 287,959 229,395 Gross profit 190,379 137,051 Selling expenses 67,924 50,570 Administrative expenses 43,050 32,247 Total expenses 110,974 82,817 Income before taxes 79,405 54,234 Income tax expense 14,769 11,118 Net income $ 64,636 $ 43,116 2019 $ 254,300 162,752 91,548 33,568 21,107 54,675 36,873 7,485 $ 29,388 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 58,166 $ 38,931 Long-term investments 0 700 Plant assets, net 104,763 95,714 Total assets $ 162,929 $ 135,345 Liabilities and Equity Current liabilities $ 23, 788 $ 20,166 Common stock 71,000 71,000 Other paid-in capital 8,875 8,875 Retained earnings 59,266 35,304 Total liabilities and equity $ 162,929 $ 135, 345 $ 52,041 3,550 56,542 $ 112,133 $ 19,623 53,000 5,889 33,621 $ 112,133 Required information 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2019 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 Sales % %6 Cost of goods sold Gross profit Selling expenses Administrative expensos Total expenses Income before taxes Income tax expenso Not income % $ % Answer is not complete. KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets % 100.00 % 35.70 0.00 100.00 Long-term investments 28.76 % 0.52 70.72% 100.00 % Plant assets, net 64.30 X 100.00 100.00 100.00 % Total assets % % Liabilities and Equity % Current liabilities 100.00 100.00 Common stock Other paid-in capital 100.00 100.00 100.00 Retained earnings Total liabilities and equity % % %

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