Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 386,922 $296,414 $ 205,700 Cost of goods sold 232,927 185,259 131,648 Gross profit 153,995 111,155 74,052 Selling expenses 54,943 40,905 27,152 Administrative expenses 34,823 26,084 17,073 Total expenses 89,766 66,989 44, 225 Income before taxes 64,129 44,166 29,827 Income tax expense 11,947 9,054 6,055 Net income $ 52,282 $ 35,112 $ 23,772 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 56,585 $ 37,872 Long-term investments 600 plant assets, net 101,916 93,194 Total assets $ 158,501 $ 131,666 Liabilities and Equity Current liabilities $ 23,141 $ 19,618 Common stock 64,000 Other paid-in capital 8,000 8,000 Retained earnings 63,360 40,048 Total liabilities and equity $ 158, 501 $ 131,666 $ 50, 626 3,610 54,849 $109,085 64,000 $ 19,090 46,000 5,111 38,884 $109,085 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Part 2 of 4 points 2017 Book KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales | 100.00% Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income References