Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2020, 2019, and 2018 2020 2019 2018 $ 410,434 $ 314,426 $ 218,200 Sales Cost of goods sold 247,081 196,831 139,648 Gross profit 163,353 117,595 78,552 Selling expenses 58,282 43,391 28,802 Administrative expenses 36,939 27,669 18,111 Total expenses 95,221 71,060 46,913 Income before taxes 68,132 46,535 31,639 Income tax expense 12,673 9,540 6,423 Net income $ 55,459 $ 36,995 $ 25,216 KORBIN COMPANY Comparative Balance Sheets December 31, 2020, 2019, and 2018 Long-term investments Assets Current assets Plant assets, net Liabilities and Equity Common stock 2020 $ 59,984 0 108,039 2019 $ 40,148 600 98,828 2018 $ 53,668 4,000 57,971 $ 115,639 Total assets $ 168,023 $ 139,576 Current liabilities Other paid-in capital Retained earnings $ 24,531 63,000 7,875 72,617 $ 20,797 63,000 $ 20,237 45,000 7,875 47,904 5,000 45,402 Total liabilities and equity $ 168,023 $ 139,576 $ 115,639 3. Complete the below table to calculate the balance sheet data in trend percents with 2018 as base year. Note: Round your percentage answers to 2 decimal places. KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2020, 2019 and 2018 2020 2019 2018 Assets Current assets Long-term investments % % 100.00 % 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 %