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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

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 $ 398,020 $ 304,916 $ 211,600
Cost of goods sold 239,608 190,877 135,424
Gross profit 158,412 114,039 76,176
Selling expenses 56,519 42,078 27,931
Administrative expenses 35,822 26,833 17,563
Total expenses 92,341 68,911 45,494
Income before taxes 66,071 45,128 30,682
Income tax expense 12,289 9,251 6,228
Net income $ 53,782 $ 35,877 $ 24,454

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019 2018 2017
Assets
Current assets $ 62,281 $ 41,685 $ 55,722
Long-term investments 0 800 4,830
Plant assets, net 117,461 106,826 63,152
Total assets $ 179,742 $ 149,311 $ 123,704
Liabilities and Equity
Current liabilities $ 26,242 $ 22,247 $ 21,648
Common stock 71,000 71,000 53,000
Other paid-in capital 8,875 8,875 5,889
Retained earnings 73,625 47,189 43,167
Total liabilities and equity $ 179,742 $ 149,311 $ 123,704

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.)

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