[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 2019 2020 Sales $ 414,761 $ 317,741 $ 220,500 Cost of goods sold 249,686 199,224 141,120 Gross profit 165,075 118,517 79,380 Selling expenses 58,896 43,848 29,106 Administrative expenses 37,328 27,961 18,302 Total expenses 96,224 71,809 47,408 Income before taxes 68,851 46,708 31,972 Income tax expense 12,806 9,575 6,490 Net income $ 56,045 $ 37,133 $ 25,482 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Long-term investments Assets Current assets Plant assets, net Total assets Liabilities and Equity 116,970 $ 179,954 $ 149,487 $ 62,984 0 $ 42,155 1,000 106,332 $ 56,352 3,100 64,398 $ 123,850 Current liabilities Common stock $ 26,273 73,000 $ 22,274 $ 21,674 73,000 Other paid-in capital Retained earnings 9,125 71,556 9,125 45,088 55,000 6,111 41,065 Total liabilities and equity $ 179,954 $ 149,487 $ 123,850 Total liabilities and equity $ 179,954 $ 149,487 $123,850 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 % 2020 2019 % % % % %