With the information above, complete the following table given the instructions listed

Complete the below table to calculate income statement data in common-size percents (Round your percentage answers to 2 decimal places.)

Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 393,317 $ 301,313 $ 209,100 Cost of goods sold 236,777 191,032 133,824 Gross profit 156,540 110,281 75, 276 Selling expenses 55,851 41,581 27,601 Administrative expenses 35,399 26,516 17,355 Total expenses 91,250 68,097 44,956 Income before taxes 65,290 42,184 30,320 Income taxes 12,144 8,648 6,155 Net income $ 53,146 $ 33,536 $ 24, 165 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 50,594 $ 39,583 $ 52,913 Long-term investments 0 700 3,940 Plant assets, net 95,419 101,501 60,615 Total assets $ 146,013 $ 141,784 $ 117,468 Liabilities and Equity Current liabilities $ 21,318 $ 21,126 $ 20,557 Common stock 72,000 72,000 54,000 Other paid-in capital 9,000 9,000 6,000 Retained earnings 43,695 39,658 36,911 Total liabilities and equity $ 146,013 $ 141,784 $ 117,468 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, 2017, 2016, and 2015 2017 2016 2015 Sales 100.00 % 100.00 % 100.00: % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income % % %