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 $ 384,100 $ 294,252 $ 204,200 Cost of goods sold 231,228 186,556 130, 688 Gross profit 152,872 107,696 73,512 Selling expenses 54,542 40,607 26,954 Administrative expenses 34,569 25,894 16,949 Total expenses 89,111 66,501 43,903 Income before taxes 63,761 41,195 29,609 Income tax expense 11,860 8,445 6,011 Net income $ 51,901 $ 32,750 $ 23,598 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 62,917 $ 42,110 Long-term investments 0 700 Plant assets, net 116, 845 106,518 Total assets $ 179,762 $ 149,328 Liabilities and Equity Current liabilities $ 26,245 $ 22,250 Common stock 65,000 65,000 Other paid-in capital 8,125 8, 125 Retained earnings 80, 392 53,953 Total liabilities and equity $ 179,762 $ 149,328 $ 56,292 3,930 63,496 $ 123, 718 $ 21,651 47,000 5,222 49, 845 $ 123, 718 Required: 1. Complete the below table to calculate each year's current ratio. Choose Numerator: Current Ratio Choose Denominator: 1 1 / 2019 2018 2017 II Current ratio Current ratio 0 to 1 0 to 1 0 to 1 Il 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 % 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 Assets Current assets % % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 % % %