Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY

Comparative Income Statements

For Years Ended December $31$

$202120202019$

Sales $ $487,179$ $ $373,219$ $ $259,000$

Cost of goods sold $293,282235,501165,760$

Gross profit $193,897137,71893,240$

Selling expenses $69,17951,50434,188$

Administrative expenses $43,84632,84321,497$

Total expenses $113,02584,34755,685$

Income before taxes $80,87253,37137,555$

Income tax expense $15,04210,9417,624$

Net income $ $65,830$ $ $42,430$ $ $29,931$

KORBIN COMPANY

Comparative Balance Sheets

December $31$

$202120202019$

Assets

Current assets $ $58,722$ $ $39,303$ $ $52,539$

Long$-$term investments $09003,540$

Plant assets, net $107,39497,78858,247$

Total assets $ $166,116$ $ $137,991$ $ $114,326$

Liabilities and Equity

Current liabilities $ $24,253$ $ $20,561$ $ $20,007$

Common stock $72,00072,00054,000$

Other paid$-$in capital $9,0009,0006,000$

Retained earnings $60,86336,43034,319$

Total liabilities and equity $ $166,116$ $ $137,991$ $ $114,326$

$3.$ 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.