Selected comparative Tinancial statements or Kordin Company Tollow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 $ 448,995 270,295 2020 $ 343,967 2019 $ 238,700 216,011 152,768 178,700 127,956 85,932 63,757 47,467 31,508 40,410 30,269 19,812 104,167 77,736 51,320 74,533 50,220 34,612 13,863 10,295 7,026 $ 60,670 $ 39,925 $ 27,586 KORBIN COMPANY Comparative Balance Sheets December 31 Total assets Current liabilities Assets Current assets Long-term investments Plant assets, net Liabilities and Equity Common stock $ 155,044 $ 128,794 Other paid-in capital Retained earnings $ 22,636 69,000 8,625 54,783 Total liabilities and equity $ 155,044 $ 128,794 2021 $ 53,723 101,321 2020 $ 35,957 1,100 91,737 $ 19,190 69,000 8,625 31,979 2019 $ 48,066 3,340 55,300 $ 106,706 $ 18,674 51,000 5,667 31,365 $ 106,706 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 % % % % %