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 $ 439,025 $ 336,329 $ 233,400 Cost of goods sold 264, 293 212,560 149,376 Gross profit 174,732 123,769 84,024 Selling expenses 62,342 46,413 30,809 Administrative expenses 39,512 29,597 19,372 Total expenses 101,854 76,010 50, 181 Income before taxes 72,878 47,759 33,843 Income tax expense 13,555 9,791 6,870 Net income $ 59,323 $ 37,968 $ 26,973 2018 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 60,740 Long-term investments 0 Plant assets, net 109,400 Total assets $ 170,140 Liabilities and Equity Current liabilities $ 24,840 Common stock 70,000 Other paid-in capital 8,750 Retained earnings 66,550 Total liabilities and equity $ 170, 140 $ 40,654 1,100 99,581 $ 141,335 2017 $ 54,344 4,780 57,972 $ 117,096 $ 21,059 70,000 8,750 41,526 $ 141,335 $ 20,492 52,000 5,778 38,826 $ 117,096 Problem 13-2A Part 2 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 here to search