Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 Sales 2019 $487,555 2018 $373,507 2017 $259,200 Cost of goods sold 293,508 233,815 165,888 Gross profit 194,047 139,692 93,312 Selling expenses 69,233 51,544 34,214 Administrative expenses 43,880 32,869 21,514 Total expenses 113,113 84,413 55,728 Income before taxes 80,934 55,279 37,584 Income tax expense Net income 15,054 11,332 7,630 $ 65,880 $ 43,947 $ 29,954 Assets KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2019 2018 2017 $ 57,760 0 $ 38,659 500 $ 51,678 96,573 105,636 $163,396 $ 135,732 $ 23,856 $ 20,224 64,000 64,000 8,000 67,540 8,000 43,508 $163,396 $ 135,732 4,910 55,866 $112,454 $ 19,679 46,000 5,111 41,664 $112,454 1 Retained earnings Total liabilities and equity Saved 67,540 43,508 41,664 $163,396 $ 135,732 $112,454 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 Cost of goods sold Gross profit Selling expenses Total expenses Administrative expenses Income before taxes Income tax expense Net income 2019 % 2018 2017 % % % % %