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 $ 439,625 $ 336,329 $ 233,400 Cost of goods sold 264,293 212,560 149,376 Gross profit 174,732 123,769 84,024 Selling expenses 62,342 46,413 30,809 Administrative expenses 39,512 29,597 19,372 Total expenses 101,854 76,010 50, 181 Income before taxes 72,878 47,759 33,843 Income tax expense 13,555 9,791 6,870 Net income $ 59,323 $ 37,968 $ 26,973 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 60,740 $ 40,654 Long-term investments 1,100 Plant assets, net 109,400 99,581 Total assets $ 170,140 $ 141,335 Liabilities and Equity Current liabilities $ 24,840 $ 21,059 Common stock 70,000 70,000 Other paid-in capital 8,750 8,750 Retained earnings 66,550 41,526 Total liabilities and equity $ 170,140 $ 141,335 $ 54, 344 4,780 57,972 $ 117,096 $ 20,492 52,000 5,778 38,826 $ 117,096 Problem 13-2A Part 3 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 100.00 % 100.00 100.00 100.00 % Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100 00 % 100.00 100 00 100.00 100.00 %