Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2019 Sales Cost of goods sold Gross profit Selling expenses Total expenses Administrative expenses Income before taxes Income tax expense Net income $ 472,319 284,336 2020 $ 361,835 226,509 $ 251,100 160,704 187,983 135,326 90,396 67,069 49,933 33,145 42,509 31,841 20,841 109,578 81,774 53,986 78,405 53,552 36,410 14,583 10,978 7,391 $ 63,822 $ 42,574 $ 29,019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 Assets Current assets $ 58,328 Long-term investments Plant assets, net 108,324 Total assets $ 166,652 $ 138,437 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 24,331 68,000 8,500 65,821 $ 20,627 68,000 Total liabilities and equity $ 166,652 $ 138,437 2020 $ 39,039 600 98,798 8,500 41,310 2019 $ 52,186 4,620 57,889 $ 114,695 $ 20,072 50,000 5,556 39,067 $ 114,695 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 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 % % % % %