The condensed statements Independent Auto Inc. Income Statement (9000) For Years Ended December 31 2020 2019 Net sales $209,100 $ 192,300 Cost of goods sold 125,209 119,475 Gross profit from sales $ 83,891 $ 72,825 Selling expenses $ 29,542 $ 26,560 Administrative expenses 18,921 26,945 Total operating expenses $ 48, 463 $ 53,505 Profit before taxes $ 35,428 $ 19,320 Income taxes 6, 708 6,092 Profit $ 28,720 $ 13,228 2018 $167,100 106,203 $ 60,897 $ 22,091 13,819 $ 35,910 $ 24,987 5,158 $ 19,829 2019 2018 Independent Auto Ine. Balance Sheet ($000) December 31 2020 Assets Current assets $ 34,886 Non-strategie investments 0 plant and equipment, net 64,900 Total assets $99,786 Liabilities and Equity Current liabilities $14,615 Common shares 58,600 Retained earnings 26,571 Total liabilities and equity $99,786 $27, 497 540 69,100 $97,137 $36, 404 3,079 41,800 $81,283 $14,447 58,600 24,090 $97,137 $14,111 43,900 23,272 $81,283 Required: 1. Calculate each year's current ratio. (Round the final answers to 1 decimal place.) December 31, 2020 December 31, 2019 December 31, 2018 Current ratios to 1 to 1 to 1 2. Express the income statement data in common-size percentages. (Round your final percentage answers to 2 decimal places.) INDEPENDENT AUTO ING. Common-Size Comparative Income Statement (in %) For Years Ended December 31, 2020, 2019 and 2018 2020 2010 2018 Not sales Cost of goods sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Profil before takes Income taxes Pro 3. Express the balance sheet data in trend percentages with 2018 as the base year. (Round your final percentage answers to 2 decimal places.) INDEPENDENT AUTO INC Balance Sheet Data in Trend Percentages (in %) December 31, 2020, 2019, and 2018 2020 2019 2018 Assets Current assets Non-strategic investments Plant and equipment, net Totalets Liabilities and Equity Current bites Common shares Retained earrings Totalbes and equity