Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 $ 560,726 2020 $429,562 269,335 2019 $ 298,100 Sales Cost of goods sold 337,557 190,784 Gross profit 223,169 160,227 107,316 Selling expenses 79,623 59,280 39,349 Administrative expenses 50,465 37,801 24,742 Total expenses 130,088 97,081 64,091 Income before taxes 93,081 63,146 43,225 Income tax expense 17,313 12,945 8,775 Net income $ 75,768 $ 50,201 $ 34,450 KORBIN COMPANY Comparative Balance Sheets Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock December 31 2021 2020 $ 59,947 $ 40,123 0 111,330 $171,277 $ 25,006 63,000 7,875 1,000 101,156 $142,279 $ 21,200 63,000 7,875 2019 $ 53,634 3,430 60,814 $117,878. $ 20,629 45,000 5,000 Other paid-in capital Retained earnings 75,396 50,204 47,249 Total liabilities and equity $ 171,277 $142,279 $117,878 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 es Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 % 2020 2019 % % % % %