Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY

Comparative Income Statements

For Years Ended December $31$

$202120202019$

Sales $ $548,123$ $ $419,907$ $ $291,400$

Cost of goods sold $329,970263,282186,496$

Gross profit $218,153156,625104,904$

Selling expenses $77,83357,94738,465$

Administrative expenses $49,33136,95224,186$

Total expenses $127,16494,89962,651$

Income before taxes $90,98961,72642,253$

Income tax expense $16,92412,6548,577$

Net income $ $74,065$ $ $49,072$ $ $33,676$

KORBIN COMPANY

Comparative Balance Sheets

December $31$

$202120202019$

Assets

Current assets $ $61,929$ $ $41,449$ $ $55,408$

Long$-$term investments $01,2004,960$

Plant assets, net $115,010104,33361,407$

Total assets $ $176,939$ $ $146,982$ $ $121,775$

Liabilities and Equity

Current liabilities $ $25,833$ $ $21,900$ $ $21,311$

Common stock $68,00068,00050,000$

Other paid$-$in capital $8,5008,5005,556$

Retained earnings $74,60648,58244,908$

Total liabilities and equity $ $176,939$ $ $146,982$ $ $121,775,2.$ Complete the below table to calculate income statement data in common$-$size percents.

Note: Round your percentage answers to $2$ decimal places., KORBIN COMPANY

Common$-$Size Comparative Income Statements

For Years Ended December $31,2021,2020,$ and $2019$

$202120202019$

Sales $\%\%\%$

Cost of goods sold $-1-1-1$

Gross profit

Selling expenses $-1-1-1$

Administrative expenses $-1-1-1$

Total expenses

Income before taxes $-1-1-1$

Income tax expense $-1-1-1$

Net income $\%\%\%,3.$ Complete the below table to calculate the balance sheet data in trend percents with $2019$ as base year.

Note: Round your percentage answers to $2$ decimal places., KORBIN COMPANY

Balance Sheet Data in Trend Percents

December $31,2021,2020$ and $2019$

$202120202019$

Assets

Current assets $\%\%100\mathrm{.}00\%$

Long$-$term investments $100\mathrm{.}00$

Plant assets, net $100\mathrm{.}00$

Total assets $\%\%100\mathrm{.}00\%$

Liabilities and Equity

Current liabilities $\%\%100\mathrm{.}00\%$

Common stock $100\mathrm{.}00$

Other paid$-$in capital $100\mathrm{.}00$

Retained earnings $100\mathrm{.}00$

Total liabilities and equity $\%\%100\mathrm{.}00\%$