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[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years

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[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 $402,722 $308,518 $214,100 Cost of goods sold 242,439 194,058 137,024 Gross profit 160,283 114,460 77,076 Selling expenses 57,187 42,575 28,261 Administrative expenses 36,245 27,150 17,770 Total expenses 93,432 69,725 46,031 Income before taxes 66,851 44,735 31,045 Income tax expense 12,434 9,171 6,302 Net income $ 54,417 $ 35,564 $ 24,743 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $62,930 $42,119 $ 56,304 Long-term investments Plant assets, net 0 600 4,670 118,686 108,149 Current liabilities Total assets Liabilities and Equity Common stock $181,616 $ 150,868 $ 26,516 $ 22,479 64,000 64,000 64,020 $124,994 $ 21,874 46,000 Other paid-in capital 8,000 8,000 5,111 Retained earnings 83,100 56,389 52,009 Total liabilities and equity $ 181,616 $150,868 $124,994 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. Note: Round your percentage answers to 2 decimal places. KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 < aces Assets Current assets Long-term investments % 100.00 % 100.00 Plant assets, net 100.00 Total assets % % 100.00% Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 Other paid-in capital 100.00 Retained earnings 100.00 Total liabilities and equity % % 100.00 %

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