Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 Sales $ 404,791 $ 310,103 2019 $ 215,200 Cost of goods sold Gross profit 243,684 194, 124 137,728 161,107 115,979 77,472 Selling expenses 57,480 42,794 28,406 Administrative expenses 36,431 27,289 17,862 Total expenses 93,911 70,083 46,268 Income before taxes 67, 196 45,896 31,204 Income tax expense 12,498 9,409 6,334 Net income $ 54,698 $36,487 $ 24,870 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 62,025 $ 41,514 $ 55,494 Long-term investments 0 1,000 3,910 Plant assets, net 116,980 106,185 63,793 Total assets $ 179,005 $ 148,699 $ 123,197 Liabilities and Equity Current liabilities $ 26,135 $ 22,156 $ 21,559 Common stock 70,000 52,000 70,000 8,750 74,120 Other paid-in capital. 8,750 5,778 Retained earnings 47,793 43,860 $ 179,005 Total liabilities and equity $ 148,699 $ 123,197 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 2021 2020 2019 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense % Net income % % %