You skipped this 2 Problem 13-2A Ratios, common-site 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. Part 2 ore 5.88 points XORBIN COMPARE Comparative Income statementa For Year Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales 6491,505 $376,533 $261,300 Cost of goods sold 295,886 238,345 167,232 Gross profit 195,619 138,188 94,068 Selling expenses 69,794 51,962 34.492 Administrative expenses 44,235 33,135 21.688 Total expenses 114,029 85,092 56.180 Incone before taxes 81,590 53,091 37,888 Income tax expense 15.176 10,984 7.691 Not Income $ 66,414 $ 42,207 $ 30,197 eBook Print References HORDIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 57,833 $ 38, 708 $ 51,744 Long-term investments 0 700 4,890 Plant assets, bet 107,405 97.854 57,0BB Total asset $ 165,238 $ 137,262 $ 113, 722 Liabilities and Equity Current liabilities $ 24,125 $ 20,452 $ 19,901 Common stock 70,000 70,000 52,000 other paid-in capital 8,750 8,750 5,778 Retained earnings 62,363 38,069 36,043 Total liabilities and equity $165,238 $ 137,262 $ 113,722 Problem 13-2A Part 2 2. Complete the below table to calculate income statement data in common-size percents. (Round your decimal places.) 2017 % KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net Income nces % %