The following information applies to the questions displayed below.]

Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
	2021	2020	2019
Sales	$ 456,331	$ 349,587	$ 242,600
Cost of goods sold	274,711	221,638	155,264
Gross profit	181,620	127,949	87,336
Selling expenses	64,799	48,243	32,023
Administrative expenses	41,070	30,764	20,136
Total expenses	105,869	79,007	52,159
Income before taxes	75,751	48,942	35,177
Income tax expense	14,090	10,033	7,141
Net income	$ 61,661	$ 38,909	$ 28,036

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 54,185	$ 36,266	$ 48,479
Long-term investments	0	900	3,190
Plant assets, net	100,628	91,436	54,878
Total assets	$ 154,813	$ 128,602	$ 106,547
Liabilities and Equity
Current liabilities	$ 22,603	$ 19,162	$ 18,646
Common stock	72,000	72,000	54,000
Other paid-in capital	9,000	9,000	6,000
Retained earnings	51,210	28,440	27,901
Total liabilities and equity	$ 154,813	$ 128,602	$ 106,547

\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ KORBIN COMPANY } \\ \hline \multicolumn{7}{|c|}{ Balance Sheet Data in Trend Percents } \\ \hline \multicolumn{7}{|c|}{ December 31, 2021, 2020 and 2019} \\ \hline & \multicolumn{2}{|l|}{2021} & \multicolumn{2}{|l|}{2020} & \multicolumn{2}{|l|}{2019} \\ \hline \multicolumn{7}{|l|}{ Assets } \\ \hline Current assets & & % & & % & 100.00 & % \\ \hline Long-term investments & & & & & 100.00 & \\ \hline Plant assets, net & & & & & 100.00 & \\ \hline Total assets & & % & & % & 100.00 & % \\ \hline \multicolumn{7}{|l|}{ Liabilities and Equity } \\ \hline Current liabilities & & % & & % & 100.00 & % \\ \hline Common stock & & & & & 100.00 & \\ \hline Other paid-in capital & & & & & 100.00 & \\ \hline Retained earnings & & & & & 100.00 & \\ \hline Total liabilities and equity & & % & & % & 100.00 & % \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ KORBIN COMPANY } \\ \hline \multicolumn{7}{|c|}{ Balance Sheet Data in Trend Percents } \\ \hline \multicolumn{7}{|c|}{ December 31, 2021, 2020 and 2019} \\ \hline & \multicolumn{2}{|l|}{2021} & \multicolumn{2}{|l|}{2020} & \multicolumn{2}{|l|}{2019} \\ \hline \multicolumn{7}{|l|}{ Assets } \\ \hline Current assets & & % & & % & 100.00 & % \\ \hline Long-term investments & & & & & 100.00 & \\ \hline Plant assets, net & & & & & 100.00 & \\ \hline Total assets & & % & & % & 100.00 & % \\ \hline \multicolumn{7}{|l|}{ Liabilities and Equity } \\ \hline Current liabilities & & % & & % & 100.00 & % \\ \hline Common stock & & & & & 100.00 & \\ \hline Other paid-in capital & & & & & 100.00 & \\ \hline Retained earnings & & & & & 100.00 & \\ \hline Total liabilities and equity & & % & & % & 100.00 & % \\ \hline \end{tabular}