Soft sesso X http://mhechase x Mail - Sade Jeller X Question 2 - Cha X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https% Saved KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 417, 770 $ 320, 046 $ 222, 100 Cost of goods sold 251, 498 201, 309 142, 144 Gross profit 166, 272 118, 737 79,956 Selling expenses 59 , 323 44, 166 29, 317 Administrative expenses 37, 599 28, 164 18,434 Total expenses 96, 922 72, 330 47, 751 Income before taxes 69, 350 46, 407 32, 205 Income tax expense 12, 899 9 , 513 6,538 Net income $ 56, 451 $ 36, 894 $ 25, 667 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 61, 672 $ 41, 277 $ 55, 178 Long-term investments 1, 000 3, 220 Plant assets, net 118, 129 107 , 083 65, 347 Total assets $ 179, 801 $ 149, 360 $ 123, 745 Liabilities and Equity Current liabilities $ 26, 251 $ 22, 255 $ 21, 655 Common stock 70,000 70, 000 52, 000 Other paid-in capital 8,750 8, 750 5 , 778 Retained earnings 74, 800 48, 355 44, 312 Total liabilities and equity $ 179, 801 $ 149, 360 $ 123, 745