Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
	2021	2020	2019
Sales	$ 497,713	$ 381,289	$ 264,600
Cost of goods sold	299,623	240,212	169,344
Gross profit	198,090	141,077	95,256
Selling expenses	70,675	52,618	34,927
Administrative expenses	44,794	33,553	21,962
Total expenses	115,469	86,171	56,889
Income before taxes	82,621	54,906	38,367
Income tax expense	15,368	11,256	7,789
Net income	$ 67,253	$ 43,650	$ 30,578

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 55,672	$ 37,261	$ 49,810
Long-term investments	0	1,000	3,970
Plant assets, net	101,816	92,563	54,608
Total assets	$ 157,488	$ 130,824	$ 108,388
Liabilities and Equity
Current liabilities	$ 22,993	$ 19,493	$ 18,968
Common stock	66,000	66,000	48,000
Other paid-in capital	8,250	8,250	5,333
Retained earnings	60,245	37,081	36,087
Total liabilities and equity	$ 157,488	$ 130,824	$ 108,388

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 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 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 %