The condensed statements of Independent Auto Inc follow. Independent Auto Inc. Income Statement ($800) For Years Ended December 31 2020 2019 2018 Net sales $210, 480 $193,682 $168,480 Cost of goods sold 125,534 119,880 106,528 Gross profit from sales $ 84,866 $ 73,888 $ 61,872 Selling expenses $ 29, 737 $ 26,755 $ 22,286 Administrative expenses 19,051_27, 075 13,949 Total operating expenses $ 48,788 $ 53,838 $ 36,225 Profit before taxes $ 36,878 $ 19,970 $ 25,637 Income taxes 6,983 5353 Profit $ 29,175 $ 13,683 $ 20,284 6,287 2018 Independent Auto Inc. Balance Sheet (seee) December 31 2e2e 2019 Assets Current assets $ 35,536 $28,147 Non-strategic investments 670 Plant and equipment, net 66,280 70, 480 Total assets $181,736 599,217 Liabilities and Equity Current liabilities $ 14,940 $14,772 Common shares 59,900 59,900 Retained earnings 26,896 24,545 Total 11abilities and equity $191,736 $99,217 $37,054 3,484 43,100 $83,558 $14,436 45, 200 23,922 $83,558 Required: 1. Calculate each year's current ratio. (Round the final answers to 1 decimal place.) Current ratios to 1 December 31, 2020 December 31, 2019 December 31, 2018 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 INCI Common Size Comparatie Income Stawosentin For Year Ended him.R020 2019 and 2018 2020 2019 2016 Net sales Cost of goods sold Gross profit from sales Selling expenses Administrative expenses Total operating expenses Profit before taxes Income taxes Profit + 3. Express the balance sheet data in trend percentages with 2018 as the base year. Round your final percentage answers to Z decimal places.) 2010 INDEPENDENT AUTO INC Balance Shew Trend Percentage Dece/2020/2018 and 2018 2020 2019 Assets Current sets (Non-strategic investments Plant and equipment, ne Total assets Liabilities and Equity Current abilities Common shares Retained earning Total liabilities and equity