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 $ 473,448 $ 362,700 $ 251,700 Cost of goods sold 285,016 227,413 161,088 Gross profit 188,432 135,287 90,612 Selling expenses 67,230 50,053 33,224 Administrative expenses 42,610 31,918 20,891 Total expenses 109,840 81,971 54,115 Income before taxes 78,592 53,316 36,497 Income tax expense 14,618 10,930 7,409 Net income $ 63,974 $ 42,386 $ 29,088 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 60,712 $ 40,634 $ 54,319 Long-term investments 0 1,200 3,680 Plant assets, net 109,349 99,434 59,042 Total assets $ 170,061 $141,268 $ 117,041 Liabilities and Equity Current liabilities $ 24,829 $ 21,049 $ 20,482 Common stock 66,000 66,000 48,000 Other paid-in capital 8,250 8,250 5,333 Retained earnings 70,982 45,969 43, 226 Total liabilities and equity $ 170,061 $ 141,268 $ 117,041 Total liabilities and equity 70,982 $ 170,061 45,969 $ 141,268 43, 226 $ 117,041 Required: 1. Complete the below table to calculate each year's current ratio. Choose Numerator: Current Ratio Choose Denominator: 1 = - 2019 11 Current ratio Current ratio oto 1 oto 1 0 to 1 / 1 1 2018 2017 = 11 02 Total liabilities and equity $ 170,061 45.969 $141,268 43,226 $ 117,041 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 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 % % % Total liabilities and equity $ 170,061 45.969 $ 141,268 43,226 $ 117,041 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data In Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 % % 100.00% 100.00 % % 100.00 100.00 % Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other pald-in capital Retained earnings Total liabilities and equity % % 100.00 % 100.00 100.00 100.00 100.00% % %