Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2020 2019 $ 564,112 $ 432,156 $ 299,900 339,595 270,098 191,936 224,517 162,058 107,964 80,104 59,638 39,587 50,770 38,030 24,892 130,874 97,668 64,479 93,643 64,390 43,485 17,418 13,200 8,827 $ 76,225 $ 51,190 $ 34,658 KORBIN COMPANY Comparative Balance Sheets December 31 2021 Assets Current assets. Long-term investments Plant assets, net Total assets $ 172,737 $ 143,492 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 25,220 65,000 8,125 74,392 $ 21,380 65,000 Total liabilities and equity $ 172,737 $ 143,492 $ 60,458 0 112,279 2020 $ 40,465 500 102,527 2019 $ 54,092 4,220 60,571 $ 118,883 $ 20,805 47,000 5,222 45,856 $ 118,883 8,125 48,987