[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Sales KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 563,171 $ 431,435 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2019 $ 299,400 339,029 270,941 191,616 224,142 160,494 107,784 79,970 59,538 39,521 50,685 37,966 24,850 130,655 97,504 64,371 93,487 62,990 43,413 17,389 12,913 8,813 $ 76,098 $ 50,077 $ 34,600 KORBIN COMPANY Comparative Balance Sheets December 31 2021 $ 54,964 0 100,522 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings 2020 $ 36,788 1,000 91,373 $ 155,486 $ 129,161 $ 22,701 69,000 8,625 55,160 $ 19,245 69,000 8,625 32,291 Total liabilities and exity $ 155.486 $ 129.161 2019 $ 49,176 3,030 54,804 $ 107,010 $ 18,727 51,000 5,667 31,616 $ 107.010 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 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 % % % %