Selected comparative financial statements of Korbin Company follow. 2020 2019 KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 Sales $ 555,000 $ 340, eee Cost of goods sold 283, see 212,50 Gross profit 271, see 127,500 Selling expenses 102,900 46,920 Administrative expenses 50,668 29,920 Total expenses 153,568 76,840 Income before taxes 117.932 58,660 Income tax expense 40, Bee 10,370 Net income $ 77,132 $ 49,290 $ 278,000 153,90 124,100 se, 800 22,880 73,600 59,5ee 15,670 $ 34,830 2019 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 52,390 $ 37,924 Long-term investments 500 Plant assets, net 100,000 96, 800 Total assets $ 152,390 $ 134,424 Liabilities and Equity Current liabilities $ 22,888 $ 19,96 Common stock 72,000 72.ee Other paid-in capital 9,000 9,000 Retained earnings 48,590 33,464 Total liabilities and equity $ 152,390 $ 134,424 $ 51,748 3,950 68,000 $ 115,698 $ 29,300 68, een 6, eee 29,398 $ 115,698 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year (Round your perce answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets Current assets Long-term investments Plant assets, net % % 100.00% 100.00 100.00 Total assets 100.00 % Liabilities and Equity Current liabilities 96 100.00 Common stock 100.00 Other paid-in capital 100.00 Retained earnings Total liabilities and equity 100.00 100.00 %