The condensed statements of Independent Auto Inc. follow: Independent Auto Inc. Income Statement ($000) For Years Ended December 31 2020 2019 2018 Net sales $ 208,600 $ 191,800 $ 166,600 Cost of goods sold 125,084 119,350 106,078 Gross profit from sales $ 83,516 $ 72,450 $ 60,522 Selling expenses $ 29,467 $ 26,485 $ 22,016 Administrative expenses 18,871 26,895 13,769 Total operating expenses $ 48,338 $ 53,380 $ 35,785 Profit before taxes $ 35,178 $ 19,070 $ 24,737 Income taxes 6,633 6,017 5,083 Profit $ 28,545 $ 13,053 $ 19,654 Independent Auto Inc. Balance Sheet ($000) December 31 2020 2019 2018 Assets Current assets $ 34,636 $ 27,247 $ 36,154 Non-strategic investments 0 490 2,954 Plant and equipment, net 64,400 68,600 41,300 Total assets $ 99,036 $ 96,337 $ 80,408 Liabilities and Equity Current liabilities $ 14,490 $ 14,322 $ 13,986 Common shares 58,100 58,100 43,400 Retained earnings 26,446 23,915 23,022 Total liabilities and equity $ 99,036 $ 96,337 $ 80,408 Required: 1. Calculate each years current ratio. (Round the final answers to 1 decimal place.) 2. Express the income statement data in common-size percentages. (Round your final percentage answers to 2 decimal places.) 3. Express the balance sheet data in trend percentages with 2018 as the base year. (Round your final percentage answers to 2 decimal places.)