calculate common size INCOME STATEMENT 2021 2022 Total sales Cost of goods sold Administrative expense $70,911,420 $48,113,332 $13,785,239 $85,218,840 57,181,806 16,873,362 Earnings before interest, taxes, depreciation & amortization (EBITDA) 9,012,849 11,163,672 Depreciation Earnings before interest & taxes.(EBIT) Interest expense Earnings Before Taxes (EBT) 1,700,510 2,027,160 9,136,512 1,603,312 7,533,200 1,581,972 5,951,228 1,487,807 4,463,421 7,312,339 1,390,284 5,922,055 Taxes 1,243,632 4,678,423 1,169,606 3,508,818 Net Income Dividends Additions to Reta!ned Earnings Global Manufacturing, Inc. BALANCE SHEET 2021 2022 ASSETS Cash $1,851,754 $10,262,510 $23,144,820 35,259,084 $27,826,540 $2,836,450 Accounts recelvable Inventory Total Current Assets Net Fixed Assets 8,509,350 20,351,550 31,697,350 22,975,245 TOTAL ASSETS $54,672,595 $63,085,624 LIABILITIES & STOCKHOLDER'S EQUITY $7,151,072 10,094,260 17,245,332 12,783,245 30,028,577 2,040,000 31,017,047 33.057.047 Accounts payable Notes payable Total current liabilities $5,758,070 7,961,031 13,719,101 12,359,868 26,078,969 Long-term debt TOTAL UABIUTIES 2,040,000 Common Retained earnings 26,553,626 28.593 626 TOTAL STOCKHOLDERS' EQUITY TOTAL UABILUTIES & STOCKHOLDER'S EQUITY $54,672,595 $63,085,624 TABLE #1 TABLE #2

Calculate the common size percentages and answer the questions below.

Can you do 2022 income statement of this table? Statement of Profit or Loss and Other Comprehensive Income Presentation Currency Nature of Financial Statements Revenue Revenue from Finance Sector Operations Total Revenue Cost of Sales Cost of Finance Sector Operations Total Costs Gross Profit (Loss) from Commercial Operations Gross Profit (Loss) from Finance Sector Operations Gross Profit (Loss) Profit (Loss) From Operating Activities Profit (Loss) Before Financing Income (Expense) Profit (Loss) from Continuing Operations, Before Tax Profit (Loss) from Continuing Operations Profit (Loss) from Discontinued Operations Net Profit (Loss) Profit (Loss) Attributable To, Non- controlling Interests Profit (Loss) Attributable To, Owners of Parent Other Comprehensive Income (Loss) Total Comprehensive Income (Loss) Total Comprehensive Income Attributable To, Non-controlling Interests Total Comprehensive Income Attributable To, Owners of Parent 2020/12 1000TL Consolidated 21.529.210 37.824.578…

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 2020 2019 Sales Cost of goods sold $ 402,346 $ 308,230 242,212 $ 213,900 194,493 136,896 Gross profit 160,134 113,737 77,004 Selling expenses 57,133 42,536 28,235 Administrative expenses 36,211 27,124 17,754 Total expenses 93,344 69,660 45,989 Income before taxes Income tax expense 66,790 44,077 31,015 12,423 9,036 6,296 Net income $ 54,367 $ 35,041 $ 24,719 KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net Total assets Current liabilities Liabilities and Equity Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 180,932 2021 $ 63,959 116,973 0 2020 $ 42,808 800 106,691 $ 180,932 $ 150,299 $…