Selected comparative financial statements of Korbin Company follow.

ork Saved Help S 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 $ 476,645 $365,149 $ 253,400 Cost of goods sold 286,940 229,679 162,176 Gross profit 189,705 135, 470 91,224 Selling expenses 67,684 50,391 33,449 Administrative expenses 42,898 32, 133 21,032 Total expenses 110,582 82,524 54,481 Income before taxes 79,123 52,946 36,743 Income tax expense 14,717 10,854 7,459 Net income $ 64,406 $ 42,092 $ 29,284 KORDIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 61,140 $ 40,921 $ 54,702 Long-term investments 0 900 3,230 Plant assets, net 115,309 104, 755 63,506 Total assets $ 176,449 $ 146,576 $ 121,438 Liabilities and Equity Current liabilities $ 25,762 $ 21,840 $ 21, 252 Common stock 70,000 70,000 52,000 Other paid-in capital 8,750 8,750 5,778 Retained earnings 71,937 45,986 42, 408 Total liabilities and equity $ 176,449 $ 146,576 $ 121, 438 22 4 la mooc CII Check my Total liabilities and equity $ 176,449 $ 146,576 $121, 438 Problem 13-2A Part 3 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 Shoot Data in Trond Percents December 31, 2019, 2018 and 2017 2019 2018 -5 2017 89.47% % 100.00 % 100.00 100.00 % 100.00% Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity % % 100.00 % 100.00 100.00 % 100.00 100.00 % %