Selected comparative financial statements of Korbin Company follow.

Required information Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 {The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales $ 467,993 $ 358,521 Cost of goods sold 281,732 227,661 Gross profit 186,261 130,860 Selling expenses 66,455 49,476 Administrative expenses 42,119 31,550 Total expenses 108,574 81,026 Income before taxes 77,687 49,834 Income tax expense 14,450 10,216 Net income $ 63,237 $ 39,618 2017 $ 248,800 159, 232 89,568 32,842 20,650 53,492 36,076 7,323 $ 28,753 2018 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 56,232 Long-term investments 0 Plant assets, net 106,054 Total assets $ 162,286 Liabilities and Equity Current liabilities $ 23,694 Corrmon stock 71,000 Other paid-in capital 8,875 Retained earnings 58,717 Total liabilities and equity $ 162,286 $ 37,636 1,100 96,074 $ 134,810 $ 50,311 4,550 56,829 $ 111,690 $ 20,087 71,000 8,875 34,848 $ 134,810 $ 19,546 53,000 5,889 33,255 $ 111,690 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 % % 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 % %