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 $471,755 $361,403 $250,800 Cost of goods sold 283,997 229, 130 160,512 Gross profit 187,758 132, 273 90, 288 Selling expenses 66,989 49,874 33, 106 Administrative 42,458 31,803 20,816 expenses Total expenses 109,447 81,677 53,922 Income before 78, 311 50,596 36,366 taxes Income tax expense 14,566 10,372 7,382 Net income $ 63,745 $ 40,224 $ 28,984 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 55,330 $ 37,033 $ 49,504 Long-term investments 0 500 4,140 Plant assets, net 102,756 93,789 55, 156 Total assets $158,086 $131,322 $108,800 Liabilities and Equity Current liabilities $ 23,081 $ 19,567 $ 19,040 Common stock 67,000 67,000 49,000 Other paid-in capital 8,375 8,375 5,444 Retained earnings 59,630 36, 380 35, 316 Total liabilities and $158,086 $131,322 $108,800 equity Problem 13-2A Part 2 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, 2019, 2018, and 2017 2019 2018 2017 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % %