[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	$ 387,486	$ 296,846	$ 206,000
Cost of goods sold	233,267	186,716	131,840
Gross profit	154,219	110,130	74,160
Selling expenses	55,023	40,965	27,192
Administrative expenses	34,874	26,122	17,098
Total expenses	89,897	67,087	44,290
Income before taxes	64,322	43,043	29,870
Income tax expense	11,964	8,824	6,064
Net income	$ 52,358	$ 34,219	$ 23,806

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 58,569	$ 39,201	$ 52,402
Long-term investments	0	800	4,370
Plant assets, net	108,772	99,008	58,397
Total assets	$ 167,341	$ 139,009	$ 115,169
Liabilities and Equity
Current liabilities	$ 24,432	$ 20,712	$ 20,155
Common stock	71,000	71,000	53,000
Other paid-in capital	8,875	8,875	5,889
Retained earnings	63,034	38,422	36,125
Total liabilities and equity	$ 167,341	$ 139,009	$ 115,169

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.

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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	$ 387,486	$ 296,846	$ 206,000
Cost of goods sold	233,267	186,716	131,840
Gross profit	154,219	110,130	74,160
Selling expenses	55,023	40,965	27,192
Administrative expenses	34,874	26,122	17,098
Total expenses	89,897	67,087	44,290
Income before taxes	64,322	43,043	29,870
Income tax expense	11,964	8,824	6,064
Net income	$ 52,358	$ 34,219	$ 23,806

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 58,569	$ 39,201	$ 52,402
Long-term investments	0	800	4,370
Plant assets, net	108,772	99,008	58,397
Total assets	$ 167,341	$ 139,009	$ 115,169
Liabilities and Equity
Current liabilities	$ 24,432	$ 20,712	$ 20,155
Common stock	71,000	71,000	53,000
Other paid-in capital	8,875	8,875	5,889
Retained earnings	63,034	38,422	36,125
Total liabilities and equity	$ 167,341	$ 139,009	$ 115,169

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
Assets
Current assets		%		%	100.00	%
Long-term investments	0.00				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	%