Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
	2021	2020	2019
Sales	$ 522,918	$ 400,598	$ 278,000
Cost of goods sold	314,797	253,979	177,920
Gross profit	208,121	146,619	100,080
Selling expenses	74,254	55,283	36,696
Administrative expenses	47,063	35,253	23,074
Total expenses	121,317	90,536	59,770
Income before taxes	86,804	56,083	40,310
Income tax expense	16,146	11,497	8,183
Net income	$ 70,658	$ 44,586	$ 32,127

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 62,697	$ 41,963	$ 56,095
Long-term investments	0	1,100	3,680
Plant assets, net	116,436	105,742	63,510
Total assets	$ 179,133	$ 148,805	$ 123,285
Liabilities and Equity
Current liabilities	$ 26,153	$ 22,172	$ 21,575
Common stock	71,000	71,000	53,000
Other paid-in capital	8,875	8,875	5,889
Retained earnings	73,105	46,758	42,821
Total liabilities and equity	$ 179,133	$ 148,805	$ 123,285

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 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 Assets Current assets % % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital 100.00 100.00 Retained earnings Total liabilities and equity % % 100.00 %