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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 3 1 2 0 2 1 2 0

Selected comparative financial statements of Korbin Company follow.
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
202120202019
Sales $ 467,240 $ 357,944 $ 248,400
Cost of goods sold 281,278223,715158,976
Gross profit 185,962134,22989,424
Selling expenses 66,34849,39632,789
Administrative expenses 42,05231,49920,617
Total expenses 108,40080,89553,406
Income before taxes 77,56253,33436,018
Income tax expense 14,42710,9337,312
Net income $ 63,135 $ 42,401 $ 28,706
KORBIN COMPANY
Comparative Balance Sheets
December 31
202120202019
Assets
Current assets $ 59,315 $ 39,700 $ 53,069
Long-term investments 01,1004,640
Plant assets, net 113,615102,85261,307
Total assets $ 172,930 $ 143,652 $ 119,016
Liabilities and Equity
Current liabilities $ 25,248 $ 21,404 $ 20,828
Common stock 69,00069,00051,000
Other paid-in capital 8,6258,6255,667
Retained earnings 70,05744,62341,521
Total liabilities and equity $ 172,930 $ 143,652 $ 119,0161. Complete the below table to calculate each year's current ratio. 2. Complete the below table to calculate income statement data in common-size percents.Note: Round your percentage answers to 2 decimal places. 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year.Note: Round your percentage answers to 2 decimal places. Selected comparative financial statements of Korbin Company follow.
\table[[,KORBIN COMPANY],[,\table[[Comparative],[For Yeame Statements]],,,],[,,Inded December 31,,],[Sales,2021,2020,2019,],[Cost of goods sold,$467,240,$357,944,$248,400,],[Gross profit,281,278,223,715,158,976,],[Selling expenses,185,962,134,229,89,424,],[Administrative expenses,66,348,49,396,32,789,],[Total expenses,42,052,31,499,20,617,],[Income before taxes,108,400,80,895,53,406,],[Income tax expense,77,562,53,334,36,018,],[Net income,14,427,10,933,7,312,],[,$63,135,$42,401,$28,706,]]
\table[[KORBIN COMPANY,],[\table[[Comparative Balance Sheets],[December 31]],],[,2021,2020,2019,,],[Assets,,,,,],[Current assets,$59,315,$39,700,$53,069,,],[Long-term investments,0,1,100,4,640,,],[Plant assets, net,113,615,102,852,61,307,,],[Total assets,$172,930,$143,652,$119,016,,],[Liabilities and Equity,$25,248,$21,404,$20,828,,],[Current liabilities,69,000,69,000,51,000,,],[Common stock,8,625,8,625,5,667,,],[Other paid-in capital,70,057,44,623,41,521,,],[Retained earnings,$172,930,$143,652,$119,016,,]]
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