vesingleQuestionNo=7&postSubmissionView:: 13252 Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales $ 549,628 $ 421,060 Cost of goods sold 330,876 266,531 Gross profit 218,752 154,529 Selling expenses 78,047 58,106 Administrative expenses 49,467 37053 Total expenses 127,514 95.159 Income before taxes 91,238 59,370 Income tax expense 16,970 12,171 Net income $ 74,268 $ 47199 2017 $ 292,200 187,008 105,192 38,570 24,253 62,823 42.369 8,601 $ 33,768 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018. and 2017 2019 2018 2017 $ 55,952 0 103.911 $ 159,863 $ 37,449 500 94,849 $ 132,798 $ 50060 3,610 56.353 $ 110,023 Assets Current assets Long-term investments Plant assets, net Total assets Labilities and Equity Current liabilities Common stock Other pald-in capital Retained earnings Total liabilities and equity $ 23,340 68,000 8,500 60,023 $ 159,863 S 19,787 68,000 8,500 36,511 $ 132,798 $ 19.254 50,000 5,556 35,213 $ 110,023 Podouc15SinglePrintView&singleQuestionNo=7.&postSubmission View 132527-133361026 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage ar KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % % 100.00 % 100.00 100.00 100.00 % % % Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities % % 100.00 % 100.00 Common stock 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 % % %