Selected comparative financial statements of Korbin Company follow.

Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

Required information Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [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 $ 467,993 $ 358,521 $ 248,800 Cost of goods sold 281,732 227,661 159, 232 Gross profit 186,261 130,860 89,568 Selling expenses 66,455 49,476 32,842 Administrative expenses 42,119 31,550 20,650 Total expenses 108,574 81,026 53,492 Income before taxes 77,687 49,834 36,076 Income tax expense 14,450 10,216 7,323 Net income $ 63,237 $ 39,618 $ 28,753 2018 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 56,232 Long-term investments Plant assets, net 106,054 Total assets $ 162,286 Liabilities and Equity Current liabilities $ 23,694 Common stock 71,000 Other paid-in capital 8,875 Retained earnings 58,717 Total liabilities and equity $ 162,286 $ 37,636 1,100 96,074 $ 134,810 $ 50,311 4,550 56,829 $ 111,690 $ 20,087 71,000 8,875 34,848 $ 134,810 $ 19,546 53,000 5,889 33,255 $ 111,690 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2017 100.00 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales 100.00 % 100.00 % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income