Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 376,952 $ 288,776 Cost of goods sold 226,925 181,929 $ 200,400 128,256 Gross profit 150,027 106,847 72,144 Selling expenses 53,527 39,851 26,453 Administrative expenses 33,926 25,412 16,633 Total expenses 87,453 65,263 43,086 Income before taxes 62,574 41,584 29,058 Income tax expense Net income 11,639 8,525 5,899 $ 50,935 $ 33,059 $ 23,159 KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net Total assets $ 162,226 $ 134,760 2021 $ 57,347 0 104,879 2020 $ 38,382 400 95,978 2019 $ 51,308 4,470 55,871 $ 111,649 Liabilities and Equity Current liabilities $ 23,685 $ 20,079 $ 19,539 KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net 2021 0 $ 57,347 104,879 $ 162,226 $ 23,685 2020 $ 38,382 400 95,978 $ 134,760 Current liabilities Total assets Liabilities and Equity Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 162,226 $ 134,760 65,000 8,125 65,416 $ 20,079 65,000 8,125 41,556 2019 $ 51,308 4,470 55,871 $111,649 $ 19,539 47,000 5,222 39,888 $ 111,649 Required: 1. Complete the below table to calculate each year's current ratio. Numerator: 1 2021 1 2020 1 2019 1 Current Ratio Denominator: Current ratio = Current ratio 11 = 0 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 a 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 % % % % 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.) 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 % Other paid-in capital Retained earnings Total liabilities and equity % 9 AMRESSMEDITE Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings % 100.00 % 100.00 100.00 90 % 100.00 % % 100.00 % 100.00 100.00 100.00 Total liabilities and equity % % 100.00 %