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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 426,799 $

Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
2021 2020 2019
Sales $ 426,799 $ 326,963 $ 226,900
Cost of goods sold 256,933 204,352 145,216
Gross profit 169,866 122,611 81,684
Selling expenses 60,605 45,121 29,951
Administrative expenses 38,412 28,773 18,833
Total expenses 99,017 73,894 48,784
Income before taxes 70,849 48,717 32,900
Income tax expense 13,178 9,987 6,679
Net income $ 57,671 $ 38,730 $ 26,221

KORBIN COMPANY
Comparative Balance Sheets
December 31
2021 2020 2019
Assets
Current assets $ 60,849 $ 40,727 $ 54,442
Long-term investments 0 700 3,020
Plant assets, net 111,285 101,564 61,006
Total assets $ 172,134 $ 142,991 $ 118,468
Liabilities and Equity
Current liabilities $ 25,132 $ 21,306 $ 20,732
Common stock 63,000 63,000 45,000
Other paid-in capital 7,875 7,875 5,000
Retained earnings 76,127 50,810 47,736
Total liabilities and equity $ 172,134 $ 142,991 $ 118,468

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3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets % % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % 100.00 %

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