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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 457,647 $

Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31

202120202019
Sales$ 457,647$ 350,595$ 243,300
Cost of goods sold275,503222,277155,712
Gross profit182,144128,31887,588
Selling expenses64,98648,38232,116
Administrative expenses41,18830,85220,194
Total expenses106,17479,23452,310
Income before taxes75,97049,08435,278
Income tax expense14,13010,0627,161
Net income$ 61,840$ 39,022$ 28,117


KORBIN COMPANY
Comparative Balance Sheets
December 31

202120202019
Assets


Current assets$ 62,567$ 41,876$ 55,979
Long-term investments06004,430
Plant assets, net118,002107,52263,864
Total assets$ 180,569$ 149,998$ 124,273
Liabilities and Equity


Current liabilities$ 26,363$ 22,350$ 21,748
Common stock70,00070,00052,000
Other paid-in capital8,7508,7505,778
Retained earnings75,45648,89844,747
Total liabilities and equity$ 180,569$ 149,998$ 124,273


Calculate income statement data in common-size percent.

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