RUNDIN CURIERT Comparative Income Statements For Years Ended December 31 2021 2020 Sales $ 554, 143 $ 424,519 Cost of goods sold 333,594 268,296 Gross profit 220,549 156, 223 Selling expenses 78,688 58,584 Administrative expenses 49,873 37, 358 Total expenses 128,561 95,942 Income before taxes 91,988 60, 281 Income tax expense 17, 110 12,358 Net income $ 74,878 $ 47,923 2019 $ 294,600 188,544 106,056 38,887 24,452 63,339 42,717 8,672 $ 34,045 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 61,583 $ 41,218 Long-term investments 0 600 Plant assets, net '116, 145 105,820 Total assets $ 177,728 $ 147,638 Liabilities and Equity Current liabilities $ 25,948 $ 21,998 Common stock 64,000 64,000 Other paid-in capital 8,000 8,000 Retained earnings 79, 780 53,640 Total liabilities and equity $ 177,728 $ 147,638 $ 55,098 4,540 62,680 $ 122,318 $ 21,406 46,000 5, 111 49,801 $ 122, 318 KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets 95.62 % % 74.81 % 100.00 % 0.00 21.92 100.00 Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 156.25% 100.00 165.80 X 120.70 % 124.30 % 100.00 % 100.00 % Common stock 100.00 Other paid in capital Retained earnings Total liablities and equity 103.70 % 136.733 153,84 115.78% 124.30 % 102.77% 136.73 X 153.84 % 106.12 120.70 % 100.00 100.00 100.00 % 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (RC percentage answers to 2 decimal places.)