Selected comparative financial statements of Korbin Company follow. Sales KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Cost of goods sold Gross profit Administrative expenses Selling expenses Total expenses Incone before taxes Income tax expense Net income 2021 2020 $ 546,054 $418,322 2019 $ 290,300 328,725 265,216 185,792 217,329 153,106 104,508 77,540 57,728 38,320 49,145 36,812 24,095 126,685 94,540 62,415 90,644 58,566 42,093 16,860 12,006 8,545 $ 73,784 $ 46,560 $ 33,548 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Total assets Assets Current assets Long-term investments Plant assets, net Liabilities and Equity $ 63,343 $ 42,396 $ 56,673 1,200 4,290 117,637 106,743 63,593 $ 180,980 $150,339 $ 124,556 Current liabilities Common stock Other paid-in capital Retained earnings $ 26,423 71,000 8,875 74,682 $ 22,401 $ 21,797 71,000 8,875 53,000 5,889 48,063 43,870 Total liabilities and equity $ 180,980 $150,339 $124,556 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 % 2020 2019 % % % %