Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 Sales $ 525,928 $ 402,904 Cost of goods sold 316,609 255,844 Gross profit 209,319 147,060 Selling expenses 74,682 55, 601 Administrative expenses 47,334 35,456 Total expenses 122,016 91,057 Income before taxes 87, 303 56,003 Income tax expense 16,238 11,481 Net income $ 71,065 $ 44,522 2019 $ 279,600 178,944 100,656 36,907 23, 207 60, 114 40,542 8,230 $ 32 312 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 62,086 $ 41,554 Long-term investments 0 900 Plant assets.net 111,824 102,012 Total assets $ 173,910 $ 144,466 Liabilities and Equity Current liabilities $ 25, 391 $ 21 525 Common stock 69000 69.000 Other paid-in capital 8625 8 625 Retained earnings 70/1894 45316 Total liabilities and equity S 173 910 $144.466 $ 55,548 4,360 59, 782 $ 119,690 $ 20,946 51 000 5667 42,077 $ 119,690 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to decimal places.) 2019 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 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 100.00 100.00 100.00% % % % 100.00% Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 100.00 100.00 % %