Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
	2021	2020	2019
Sales	$ 533,640	$ 408,812	$ 283,700
Cost of goods sold	321,251	256,325	181,568
Gross profit	212,389	152,487	102,132
Selling expenses	75,777	56,416	37,448
Administrative expenses	48,028	35,975	23,547
Total expenses	123,805	92,391	60,995
Income before taxes	88,584	60,096	41,137
Income tax expense	16,477	12,320	8,351
Net income	$ 72,107	$ 47,776	$ 32,786

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 55,288	$ 37,004	$ 49,466
Long-term investments	0	1,000	4,970
Plant assets, net	99,579	90,643	52,148
Total assets	$ 154,867	$ 128,647	$ 106,584
Liabilities and Equity
Current liabilities	$ 22,611	$ 19,168	$ 18,652
Common stock	64,000	64,000	46,000
Other paid-in capital	8,000	8,000	5,111
Retained earnings	60,256	37,479	36,821
Total liabilities and equity	$ 154,867	$ 128,647	$ 106,584

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, 2021, 2020, and 2019
	2021		2020		2019
Sales	100.00	%	100.00	%	100.00	%
Cost of goods sold
Gross profit
Selling expenses
Administrative expenses
Total expenses
Income before taxes
Income tax expense
Net income		%		%		%