Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 Sales $ 466, 676 $ 357,512 Cost of goods sold 280,939 225, 233 Gross profit 185, 737 132,279 Selling expenses 66, 268 49,337 Administrative expenses 42,001 31,461 Total expenses 108,269 80,798 Income before taxes 77,468 51,481 Income tax expense 14,409 10,554 Net income $ 63,059 $ 40,927 2019 $ 248, 100 158, 784 89,316 32,749 20,592 53,341 35,975 7,303 $ 28,672 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 60,818 $ 40,706 Long-term investments 0 800 Plant assets, net 114, 703 104,298 Total assets $ 175,521 $ 145,804 Liabilities and Equity Current liabilities $ 25, 626 $ 21,725 Common stock 65,000 65,000 Other paid-in capital 8,125 8,125 Retained earnings 76,770 50,954 Total liabilities and equity $ 175,521 $ 145,804 $ 54,414 3,280 63,105 $ 120,799 $ 21,140 47,000 5,222 47,437 $ 120,799 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 % %