w I Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net 40,359 30,231 19,787 104,036 77,639 51,256 74,439 48,094 34,568 13,846 9,859 7,017 $ 60,593 $ 38,235 $ 27,551 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 $ 61,832 0 114,832 $ 41,385 1,000 104,369 $ 55,322 3,560 62,704 $ 121,586 Total assets $ 176,664 $ 146,754 Liabilities and Equity Current liabilities $ 25,793 $ 21,866 $ 21,278 Common stock Other paid-in capital Retained earnings 64,000 8,000 78,871 64,000 8,000 52,888 46,000 5,111 49,197 Total liabilities and equity Q Search $ 176,664 $ 146,754 $ 121,586 < Prev 7 89 of 10 PRE L hp Next > 3 E SO Tar. It does not Required information Problem 13-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 [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 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Q Search == $ 448,430 269,955 2020 $ 343,534 217,801 2019 $ 238,400 152,576 178,475 125,733 85,824 63,677 47,408 31,469 40,359 30,231 19,787 104,036 77,639 51,256 < Prev 7 8 9 of 10 Next >> 67 PRE LD == hp 3 6