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 2019 $ 219,500 Sales Cost of goods sold $ 412,880 248,554 2020 $ 316,300 199,269 140,480 Gross profit 164,326 117,031 79,020 Selling expenses 58,629 43,649 28,974 Administrative expenses 37,159 27,834 18,219 Total expenses 95,788 71,483 47,193 Income before taxes 68,538 45,548 31,827 Income tax expense 12,748 9,337 6,461 Net income $ 55,790 $ 36,211 $ 25,366 Assets KORBIN COMPANY Comparative Balance Sheets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings December 31 2021 Total liabilities and equity Problem 13-20 (Aleo) Past 2020 $ 58,595 $ 39,218 110,511 $ 169,106 700 100,557 $ 140,475 $ 116,384 2019 $ 52,425 4,150 59,809 $ 24,689 70,000 $ 20,931 70,000 $ 20,367 52,000 8,750 65,667 $ 169,106 $140,475 8,750 40,794 5,778 38,239 $116,384 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answ decimal places.) Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 2020 % 2019 % % % %