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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit

Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 2021 $ 497,148 299,283 197,865 70,595 44,743 Common stock Other paid-in capital Retained earnings Total liabilities and equity 115,338 82,527 15,350 $ 67,177 KORBIN COMPANY Comparative Balance Sheets December 31 2020 $ 380,856 241,082 139,774 52,558 33,515 86,073 53,701 11,009 $ 42,692 2021 $ 59,701 0 112,596 $ 172,297 2020 2019 $ 264,300 169,152 $ 39,958 900 102,268 $ 143,126 $ 25,155 70,000 8,750 68,392 $ 172,297 $ 143, 126 $ 21,326 70,000 8,750 43,050 95,148 34,888 21,937 56,825 38,323 7,780 $ 30,543 2019 $ 53,414 3,200 61,966 $ 118,580 $ 20,752 52,000 5,778 40,050 $ 118,580 2. Complete the below table to calculate income statement data in common-size percents. Note: Round your percentage answers to 2 decimal places.
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Selected comparative financial statements of Korbin Company follow. 2. Complete the below table to calculate income statement data in common-size percents. Vote: Round your percentage answers to 2 decimal places. Selected comparative financial statements of Korbin Company follow. 2. Complete the below table to calculate income statement data in common-size percents. Vote: Round your percentage answers to 2 decimal places

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