Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 426,987 $ 327,107 $ 227,000 Cost of goods sold 257,046 206,077 145,280 Gross profit 169,941 121,030 81,720 Selling expenses 60,632 45,141 29,964 Administrative expenses 38,429 28,785 18,841 Total expenses 99,061 73,926 48,805 Income before taxes 70,880 47,104 32,915 Income tax expense Net income 13,184 9,656 6,682 $ 57,696 $ 37,448 $ 26,233 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets Long-term investments Plant assets, net $ 56,484 0 104,899 Current liabilities Total assets Liabilities and Equity Common stock $ 161,383 $ 37,805 600 95,655 $ 134,060 Other paid-in capital Retained earnings $ 23,562 71,000 8,875 57,946 Total liabilities and equity $ 161,383 $ 134,060 $ 19,975 71,000 8,875 34,210 $ 50,536 4,260 56,273 $ 111,069 $ 19,437 53,000 5,889 32,743 $ 111,069