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	$	494,703		$	378,983		$	263,000
Cost of goods sold		297,811			238,380			168,320
Gross profit		196,892			140,603			94,680
Selling expenses		70,248			52,300			34,716
Administrative expenses		44,523			33,351			21,829
Total expenses		114,771			85,651			56,545
Income before taxes		82,121			54,952			38,135
Income tax expense		15,275			11,265			7,741
Net income	$	66,846		$	43,687		$	30,394

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
	2019			2018			2017
Assets
Current assets	$	61,123		$	40,910		$	54,687
Long-term investments		0			900			3,000
Plant assets, net		110,090			100,416			60,147
Total assets	$	171,213		$	142,226		$	117,834
Liabilities and Equity
Current liabilities	$	24,997		$	21,192		$	20,621
Common stock		73,000			73,000			55,000
Other paid-in capital		9,125			9,125			6,111
Retained earnings		64,091			38,909			36,102
Total liabilities and equity	$	171,213		$	142,226		$	117,834

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales 100.00 % 100.00 % Cost of goods sold Gross profit 2017 100.00 % 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 % 100.00 Long-term investments Plant assets, net 100.00 100.00 % Total assets % Liabilities and Equity 100.00 % 100.00 Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 100.00 %