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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 Sales $ 549,252 2020 $
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 Sales $ 549,252 2020 $ 420,772 Cost of goods sold 330,650 266,349 Gross profit 218,602 154,423 2019 $ 292,000 186,880 105,120 Selling expenses 77,994 58,067 38,544 Administrative expenses 49,433 37,028 24,236 Total expenses 127,427 95,095 62,780 Income before taxes 91,175 59,328 42,340 Income tax expense 16,959 12,162 8,595 Net income $ 74,216 $ 47,166 $ 33,745 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 59,414 Long-term investments Plant assets, net 0 112,055 Current liabilities Total assets Liabilities and Equity Common stock $ 171,469 $ 142,438 $ 25,034 $ 21,223 Other paid-in capital Retained earnings 67,000 8,375 71,060 8,375 45,840 $ 39,766 700 101,972 67,000 2019 $ 53,158 3,020 61,832 $118,010 $ 20,652 49,000 5,444 42,914 Total liabilities and equity $ 171,469 $ 142,438 $ 118,010 3. Complete the below table to calculate the balance sheet data in trend percents wit answers to 2 decimal places.)
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