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 $ 409,118 $ 313,418 $ 217,500 Cost of goods sold 246,289 198,080 139,200 Gross profit 162,829 115,338 78,300 Selling expenses 58,095 43,252 28,710 Administrative expenses 36,821 27,581 18,053 Total expenses 94,916 70,833 46,763 Income before taxes 67,913 44,505 31,537 Income tax expense 12,632 9,123 6,402 Net income $ 55,281 $ 35,382 $ 25,135 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 56,479 $ 37,801 $ 50,532 Long-term investments 0 1,100 4,560 Plant assets, net 101,725 92,518 53,789 Total assets $ 158,204 $ 131,419 $ 108,881 Liabilities and Equity Current liabilities $ 23,098 $ 19,581 $ 19,054 Common stock 63,000 63,000 45,000 Other paid-in capital 7,875 7,875 5,000 Retained earnings 64,231 40,963 39,827 Total liabilities and equity $ 158,204 $ 131,419 $ 108,881 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)