Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales $ 395,762 $ 383,186 $ 210,400 Cost of goods sold 238,249 191,007 134,656 Gross profit 157,513 112,179 75,744 Selling expenses 56,198 41,840 27,773 Administrative expenses 35,619 26,680 17,463 Total expenses 91,817 68,520 45,236 Income before taxes 65,696 43,659 30,508 Income tax expense 12,219 8,950 6,193 Net income $ 53,477 $ 34,709 $ 24,315 2019 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 57,943 $ 38,781 Long-term investments 0 1,200 Plant assets, net 107,609 97,542 Total assets $ 165,552 $ 137,523 Liabilities and Equity Current liabilities $ 24,171 $ 20,491 Common stock 67, ege 67,000 Other paid-in capital 8,375 8,375 Retained earnings 66,006 41,657 $ 165.552 $137.523 Total liabilities and entity $ 51,842 4,480 57,616 $ 113,938 $ 19,939 49,000 5,444 39,555 113.938 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2019 100.0096 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 96 Net income 96 earch o