22 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year.Note: Round your percentage answers to 2 decimal places.AssetsCurrent assetsong-term investments'lant assets, netotal assetsiabilities and EquityCurrent liabilitiesCommon stockOther paid-in capitalRetained earningsotal liabilities and equityDecember 31, 2021, 2020 and 20192021%%%%2020%%%%2019100.100.100.100.100.100.100.100.100. Selected comparative financial statements of Korbin Company follow.KORBIN COMPANYComparative Income StatementsFor Years Ended December 31SalesCost of goods soldGross profitSelling expensesAdministrative expenses,Total expensesIncome before taxesIncome tax expenseNet incomeAssetsCurrent assetsLong-term investmentsPlant assets, netTotal assetsLiabilities and EquityCurrent liabilities6Common stockOther paid-in capitalRetained earningsTotal liabilities and equity20212020$ 497,148 $ 380,856299,283241,844139,01252,55833,51586,07352,93910,853$ 42,086197,86570,59544,743115,33882,52715,350$ 67,177KORBIN COMPANYComparative Balance SheetsDecember 312021$ 62,9470115,120$ 178,06720202019$ 264,300$42,130800104,989$147,919169, 15295, 14834,88821,93756,82538,3237,780$ 30,5432019$ 56,3183,24062,993$ 122,551$ 25,99872,000$ 22,04072,0009,00044,879$ 21,44654,0006,0009,00071,06941,105$ 178,067 $ 147,919 $ 122,5513. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year.Note: Round your percentage answers to 2 decimal places.KORBIN COMPANYBalance Sheet Data in Trend PercentsDecember 31, 2021, 2020 and 2019

A trend percent statement are used to compare financial information over a period of time. It is…

Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses, Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets 6 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 2020 $ 497,148 $380,856 299,283 197,865 70,595 44,743 115,338 82,527 15,350 $ 67,177 KORBIN COMPANY Comparative Balance Sheets December 31 241,844 139,012 52,558 33,515 86,073 52,939 10,853 $ 42,086 2021 $ 62,947 0 115, 120 $ 178,067 $ 25,998 72,000 9,000 71,069 $ 178,067 2020 2019 $ 264,300 169, 152 95, 148 $ 42,130 800 104,989 $147,919 34,888 21,937 56,825 38, 323 7,780 $ 30,543 $ 22,040 72,000 9,000 44,879 2019 $ 56,318 3,240 62,993 $ 122,551 $ 21,446 54,000 6,000 41,105 $147,919 $ 122,551 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. Note: Round your percentage answers to 2 decimal places. KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019