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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 $ 416,642 250,818 Sales Cost

Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year.

Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 $ 416,642 250,818 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net Income Assets Current assets Long-term investments Plant assets, net Total assets 165,824 59,163 37,498 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $319,182 201,085 118,097 44,047 28,088 96,661 69,163 12,864 $ 56,299 $ 36,540 KORBIN COMPANY Comparative Balance Sheets December 31 2021 72,135 45,962 9,422 $ 59,328 e $ 24,503 67,000 8,375 67,952 $ 167,830 2020 2019 $ 221,500 141,760 79,740 29,238 18,385 47,623 32,117 6,520 $ 25,597 108,502 $ 167,830 $ 139,416 $ 39,708 $ 53,081 1,000 4,080 98,708 58,345 $ 115,506 2019 $ 20,773 67,000 8,375 43,268 $ 139,416 $ 20,214 49,000 5,444 40,848 $ 115,506 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. Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 % 20 2019 100.00 % 100.00 100.00 100.00 % 100.00 % 100.00 100.00 100.00 100.00 %

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