[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, and 2019 2021 2020 2019 Sales $ 499,782 $ 382,874 $ 265,700 Cost of goods sold 300,869 243, 125 170,048 Gross profit 198,913 139,749 95,652 Selling expenses 70,969 52,837 35,072 Administrative expenses 44,980 33,693 22,053 Total expenses 115,949 86,530 57, 125 Income before taxes 82,964 53,219 38,527 Income tax expense 15,431 10,910 7, 821 Net income $ 67,533 $ 42,309 $ 30,706 2019 KORE IN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2022 2020 Assets Current assets $ 60, 724 $ 40, 643 Long-term investments 400 Plant assets, net 111,055 101,653 Total assets $ 171,779 $ 142, 696 Liabilities and Equity Current liabilities $ 25,000 $ 21, 262 Common stock 66,000 66,000 Other paid-in capital 8,250 8,250 Retained earnings 72,449 47,184 Total liabilities and equity $ 171,779 $ 142,696 $ 54, 330 3,670 60,024 $ 118,224 $ 20,689 48,000 5, 333 $ 118, 224 Problem 17-2A (Algo) Part 2 2. Complete the below table to calculate Income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2020 2021 2019 Sales 100.00 % 100.00 % 100.00% Cost of goods sold 60.20 63.50 64.00 Gross profit 39.80 38.50 38.00 Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 96 96 96