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Thanks for any help ! Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018,

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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 $ 469,121 $ 359,385 $ 249,400 Cost of goods sold 282,411 228,209 159, 616 Gross profit 186,710 131,176 89,784 Selling expenses 66,615 49,595 32,921 Administrative expenses 42,221 31,626 20,700 Total expenses 108,836 81,221 53,621 Income before taxes 77,874 49,955 36,163 Income tax expense 14,485 10, 241 7,341 Net income $ 63,389 $ 39,714 $ 28,822 2018 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 Assets Current assets $ 55,026 Long-term investments Plant assets, net 103,780 Total assets $ 158,806 Liabilities and Equity Current liabilities $ 23, 186 Common stock 68,000 Other paid-in capital 8,500 Retained earnings 59,120 Total liabilities and equity $ 158,806 $36,829 900 94, 190 $ 131,919 $ 49,232 4,140 55,923 $ 109,295 $ 19,656 68,000 8,500 35, 763 $ 131,919 $ 19,127 50,000 5,556 34,612 $ 109, 295 2. Complete the below table to calculate income statement data in common-size percents decimal places.) KORBIN COMPANY 2017 % % Common Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % %

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