The condensed statements of Independent Auto Inc. follow: FOR Y DE Net sales Cost of goods sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Profit before taxes Income taxes Profit $299, 100 125,209 $ 83,891 $ 29,542 18,921 $ 48,463 $ 35,428 6,708 $ 28,720 2019 $192,300 119,475 $ 72,825 $ 26,560 26,945 $ 53,505 $ 19,320 6,092 $ 13,228 2013 $167,100 106,203 $ 60,897 $ 22,091 13,819 $ 35,910 $ 24,987 5,158 $ 19,829 2019 2018 Independent Auto Inc. Balance Sheet ($000) December 31 2020 Assets Current assets $34,886 Non-strategic investments 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.) to 1 to 1 December 31, 2020 December 31, 2019 December 31, 2018 to 1 2. Express the income statement data in common-size percentages. (Round your fina INDEPENDENT AUTO INC Common-Size Comparative Income Statement (in %) For Years Ended December 31, 2020, 2019, and 2018 2020 2019 2018 Net sales Cost of goods sold Gross profit from sales Selling expenses Administrative eynenced