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 $525, 175 $ 402,327 $279,200 Cost of goods sold 316, 155 253, 868 178, 688 Grogy profit 209,020 148, 459 100,512 Selling expenses 74,575 55,521 36,854 Administrative expenses 47,266 35, 405 23,174 Total expenses 121,841 90,926 60,028 Income before taxes 87,179 57,533 40, 484 Income tax expense 16, 215 11,794 8,218 Net income $ 70,964 $ 45,739 $ 32, 266 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 54,013 $ 36, 151 Long-term investments 0 800 Plant assets, net 100, 309 91,243 Total assets $154,322 $128, 194 Liabilities and Equity Current liabilities $ 22,531 $ 19, 101 Common stock 72,000 72,000 Other paid-in capital 9,000 9,000 Retained earnings 50,791 28,093 Total liabilities and equity $ 154, 322 $ 128, 194 $ 48,325 3,770 54, 114 $ 106,209 $ 18,587 54,000 6, 000 27, 622 $ 106,209 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (R 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 Long-term investments Plant assets, net 100.00 % 100.00 100.00 100.00% Total assets % de % 100.00 % 100.00 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 100.00 % %