[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 Sales $ 402,722 2020 $308,518 2019 $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 Assets Current assets $62,930 $ 42,119 2019 $ 56,304 Long-term investments 0 600 4,670 Plant assets, net 118,686 108,149 Total assets $181,616 $150,868 64,020 $124,994 Liabilities and Equity Current liabilities $26,516 $22,479 $ 21,874 Common stock 64,000 64,000 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 2. Complete the below table to calculate income statement data in common-size percents. Note: Round your percentage answers to 2 decimal places. KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 Sales Cost of goods sold Gross profit Selling expenses Total expenses Administrative expenses Income before taxes Income tax expense Net income 2021 % 2020 2019 % % % % % 20