(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, 2019, 2018, and 2017 2019 2018 2017 Sales $ 462,350 $354,198 $245,800 Cost of goods sold 278,335 223,853 157,312 Gross profit 184,015 130,345 88,488 Selling expenses 65,654 48,879 32,446 Administrative expenses 41,612 31, 169 20,401 Total expenses 107,266 80,948 52,847 Income before taxes 76,749 50,297 35,641 Income tax expense 14,275 10,311 7,235 Net income $ 62,474 $ 39,986 $ 28,406 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 53,992 $ 36,137 $ 48,307 Long-term investments @ 1,000 3,760 Plant assets, net 98,743 89,739 53, 050 Total assets $152,735 $126,876 $105, 117 Liabilities and Equity Current liabilities $ 22,299 $ 18,905 $ 187395 Common stock 65,000 65,000 47,000 Other paid-in capital 8,125 8,125 5,222 Retained earnings 57, 311 34,846 34,500 Total liabilities and equity $152,735 $126,876 $105, 117 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2017 % ces KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income %