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KORBIN COMPANY Comparative Income Statements For Years Ended December 31 \begin{tabular}{lrrr} & \multicolumn{1}{r}{2021} & 2020 & \multicolumn{1}{c}{2019} \\ Sales & $493,198 & $377,830 & $262,200 \\ Cost of goods sold & 296,905 & 239,544 & 167,808 \\ \cline { 2 - 4 } Gross profit & 196,293 & 138,286 & 94,392 \\ Selling expenses & 70,034 & 52,141 & 34,610 \\ Administrative expenses & 44,388 & 33,249 & 21,763 \\ \cline { 2 - 4 } Total expenses & 114,422 & 85,390 & 56,373 \\ \cline { 2 - 4 } Income before taxes & 81,871 & 52,896 & 38,019 \\ Income tax expense & 15,228 & 10,844 & 7,718 \\ Net income & $66,643 & $42,052 & $30,301 \\ \cline { 2 - 4 } \end{tabular} KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets $56,573$37,864$50,616 Long-term investments 01,0003,580 Plant assets, net Total assets \begin{tabular}{rrr} 105,063 & 95,406 & 57,047 \\ \hline$161,636 & $134,270 & $111,243 \\ \hline \hline \end{tabular} Required: 1. Complete the below table to calculate each year's current ratio. 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) \begin{tabular}{|l|l|r|r|r|} \hline Common stock & & & 100.00 \\ \hline Other paid-in capital & & & 100.00 \\ \hline Retained earnings & & & 100.00 & \\ \hline Total liabilities and equity & % & % & 100.00 & % \\ \hline \end{tabular}

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