Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $495,455 $ 379,559 $ 263,400 Cost of goods sold 298,264 238,743 168,576 Gross profit 197,191 140,816 94,824 Selling expenses 78,355 52,379 34,769 Administrative expenses 44,591 33,401 21,862 Total expenses 114,946 85,780 56,631 Income before taxes 82,245 55,036 38,193 Income tax expense 15,298 11,282 7,753 Net income $ 66,947 $ 43,754 $ 30,440 Current liabilities Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Common stock KORBIN COMPANY Comparative Balance Sheets December 31 2021 $ 53,634 101,153 $ 154,787 $ 22,599 other paid-in capital Retained earnings 70,000 8,750 53,438 30,672 Total liabilities and equity $ 154,787 $128,581 2020 e $ 35,897 600 92,084 $128,581 $ 19,159 70,000 8,750 2019 $ 47,986 4,480 54,063 $ 106,529 $ 18,643 52,000 5,778 30,108 $ 106,529 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: Current Ratio Denominator: Current ratio Current ratio 10 to 1 0 to 1 0 to 1 2. Complete the below table to calculate Income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes. Income tax expense Net income 2021 2020 2019 % 36 % % 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (F answers to 2 decimal places.) Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 % 100.00 % 100.00 100.00 % 100.00 % % % 100.00 % 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 %