Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 397,079 $ 304,195 239,042 191,643 112,552 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets 158,037 56,385 35,737 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings. Total liabilities and equity 92,122 65,915 12,260 $ 53,655 $ 34,824 KORBIN COMPANY Comparative Balance Sheets December 31 2021 $ 59,288 0 41,979 26,769 68,748 110,106 $ 169,394 $ 24,732 63,000 7,875 73,787 $ 169,394 43,804 8,980 2020 2019 $ 211,100 135,104 75,996 27,865 17,521 45,386 30,610 6,214 $ 24,396 $ 39,681 600 100,433 $ 140,714 $ 20,966 63,000 7,875 48,873 $ 140,714 2019 $ 53,045 3,960 59,577 $ 116,582 $ 20,402 45,000 5,000 46,180 $ 116,582 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % % % 2019 % %