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 $ 395,010 $302,610 $ 210,000 Cost of goods sold 237,796 192,157 134,400 Gross profit 157,214 110,453 75,600 Selling expenses 56,091 41,760 27,720 Administrative expenses 35,551 26,630 17,430 Total expenses 91,642 68,390 45, 150 Income before taxes 65,572 42,063 30,450 Income tax expense 12, 196 8,623 6,181 Net income $ 53,376 $ 33,440 $ 24,269 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 61,406 $ 41,100 $ 54,940 Long-term investments 0 1,100 3,150 Plant assets, net 114,041 103,543 62,658 Total assets $ 175,447 $ 145,743 $120,748 Liabilities and Equity Current liabilities $ 25,615 $ 21,716 $ 21, 131 Common stock 69,000 69,000 51,000 Other paid-in capital 8,625 8,625 5,667 Retained earnings 72,207 46,402 42,950 Total liabilities and equity $ 175,447 $ 145,743 $ 120,748 2. Complete the below table to calculate income statement data in common-size percents. (Round you decimal places.) 2017 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % % %