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 $ 471,191 $360, 971 $ 250, 500 Cost of goods sold 283, 657 226, 329 160, 320 Gross profit 187,534 134, 642 90, 180 Selling expenses 66,909 49,814 33,066 Administrative expenses 42, 407 31,765 20,792 Total expenses 109, 316 81,579 53, 858 Income before taxes 78, 218 53,063 36, 322 Income tax expense 14,549 10,878 7, 373 Net income 63,669 $ 42,185 $ 28,949 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 64,036 $ 42,859 $ 57,293 Long-term investments 1,000 3,240 Plant assets, net 117, 112 106,620 64,139 Total assets $ 181, 148 $ 150, 479 $124,672 Liabilities and Equity Current liabilities $ 26, 448 $ 22, 421 $ 21,818 Common stock 67,000 67,000 49,000 Other paid-in capital 8, 375 8, 375 5, 444 Retained earnings 79, 325 52,683 48, 410 Total liabilities and equity $ 181, 148 $ 150, 479 $124,672 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 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 2017 100.00 % Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % %