1.4 11 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 points (s thousands) Sales Cost of goods sold 2021 $ 1,964 2020 $ 1,720 2019 $1,565 2018 2017 2016 2015 $1,434 $ 1,338 $1,244 $ 1,020 1,412 Gross profit 552 1,149 571 988 865 804 752 599 577 569 534 492 421 Operating expenses 420 328 301 222 193 190 158 Net income $ 132 $ 243 $ 276 $ 347 $ 341 $ 302 $263 eBook) HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 Print (5 thousands); Assets 2021 2020 2019 2018 2017 2016 2015 References Cash Accounts receivable, net Merchandise inventory Other current assets $ 137 986 3,569 $ 181 $ 189 $192 1,036 938 719 $200 633 2,598 2,270 1,913 1,718 $ 197 600 1,459 $ 204 423 1,058 92 82 51 91 77 78 41 Long-term investments Plant assets, net 4,366 0 4,350 0 281 281 281 281 3,804 2,147 2,219 1,973 1,693 Total assets $9,150 $ 8,247 $ 7,252 $5,343 $ 5,128 $ 4,588 $ 3,700 Liabilities and Equity Current Liabilities Long-term liabilities 2,302 2,459 Common stock Other paid-in capital Retained earnings 1,665 416 2,308 $ 1,936) 2,142 1,665 416 2,088 $1,270 2,084 1,665 416 1,817 $1,057 968 $ 917 988 $867 1,070 $559 803 1,480 370 1,468 1,480 370 1,373 1,295 324 1,032 1,295 324 719 Total liabilities and equity $9,150 $ 8,247 $ 7,252 $ 5,343 $ 5,128 $ 4,588 $3,700 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2015 as the base year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period?