Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY

Comparative Income Statements

For Years Ended December $31$

$202120202019$

Sales $ $528,185$ $ $404,633$ $ $280,800$

Cost of goods sold $317,967254,514179,712$

Gross profit $210,218150,119101,088$

Selling expenses $75,00255,83937,066$

Administrative expenses $47,53735,60823,306$

Total expenses $122,53991,44760,372$

Income before taxes $87,67958,67240,716$

Income tax expense $16,30812,0288,265$

Net income $ $71,371$ $ $46,644$ $ $32,451$

KORBIN COMPANY

Comparative Balance Sheets

December $31$

$202120202019$

Assets

Current assets $ $60,977$ $ $40,812$ $ $54,556$

Long$-$term investments $08003,760$

Plant assets, net $113,244103,11261,588$

Total assets $ $174,221$ $ $144,724$ $ $119,904$

Liabilities and Equity

Current liabilities $ $25,436$ $ $21,564$ $ $20,983$

Common stock $66,00066,00048,000$

Other paid$-$in capital $8,2508,2505,333$

Retained earnings $74,53548,91045,588$

Total liabilities and equity $ $174,221$ $ $144,724$ $ $119,904$

$2.$ Complete the below table to calculate income statement data in common$-$size percents.

Note: Round your percentage answers to $2$ decimal places.