Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 Sales $ 486,615 $ 372,787 Cost of goods sold 292,942 235,974 Gross profit 193, 673 136,813 Selling expenses 69,099 51,445 Administrative expenses 43,795 32,805 Total expenses 112,894 84,250 Income before taxes 80,779 52,563 Income tax expense 15,025 10,775 Net income $ 65,754 $ 41,788 2019 $ 258,700 165,568 93,132 34,148 21,472 55,620 37,512 7,615 $ 29,897 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 55, 674 $ 37,262 $ 49,811 Long-term investments 0 600 3,950 Plant assets, net 105,000 95, 609 56,820 Total assets $ 160,674 $ 133,471 $ 110,581 Liabilities and Equity Current liabilities $ 23,458 $ 19,887 $ 19,352 Common stock 69,000 69,000 51,000 Other paid-in capital 8,625 8,625 5,667 Retained earnings 59,591 35,959 34,562 Total liabilities and equity $ 160,674 $ 133,471 $ 110,581 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Numerator: Denominator: II Il Current ratio Current ratio to 1 2021 1 11 2020 / II 2019 to 1 to 1 11 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2019 % 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 % % 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 % 100.00 % 100.00 100.00 100.00% % Assets Current assets Long-term investments Plant assets.net Total assets Liabilities and Equity Current liabilities Common stock Other paid in capital Retained earings Total liabilities and equity 100.00 % 100.00 100,00 100.00 100.00 % % %