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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
[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, 2eze, and 2019 2021 2020 2019 Sales $ 485,298 $ 371,778 $ 258,000 Cost of goods sold 292,149 234,964 165,120 Gross profit 193,149 136,814 92,880 Selling expenses 68,912 51,305 34,056 Administrative expenses 43,677 32,716 21,414 Total expenses 112,589 84,021 55,470 Income before taxes 80,560 52,793 37,410 Income tax expense 14,984 10,823 7,594 Net income $ 65,576 $ 41,97 $ 29,816 4 KORBIN COMPANY Comparative Balance Sheets December 31, 2821, 2e2e, and 2019 2021 2020 2019 4 2019 KORSIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 58,487 $ 39,145 Long-term investments @ 1,200 Plant assets, net 112,828 181,301 Total assets $ 170,515 $ 141,646 Liabilities and Equity Current liabilities $ 24,895 $ 21,105 Common stock 68, eee 58, eee Other paid-in capital 8.See 8,500 Retained earnings 69,120 44,041 Total liabilities and equity $ 170,515 $ 141,646 $ 52,328 4,760 60, 266 $ 117,354 $ 20,537 50,000 5,556 41,261 $ 117,354 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year (Round your percentage answers to 2 cimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents Required information KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 100.00% 100,00 Assets Current assets Long-term investments Plant assets, not Total assets Liabilities and Equity Current liabilities 100.00 % 9 100,00 % % % 100,00 % Common stock 100.00+ 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 % 100,00 %
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