15 thousands) Sales Cost of goods sold Gross profit Operating expenses Set income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $1,931 $1,691 $1,539 $1,410 $1,316 $1,224 $1,003 1,389 1,130 972 851 790 739 589 542 561 567 559 526 485 414 412 322 295 218 189 186 155 130 $ 239 $ 272 S 341 $ 337 S 299 $ 259 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 (s thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other pald-in capital Retained earnings Total liabilities and equity $ 130$ 172 $ 178 $ 182 933 980 887 680 3,376 2,458 2,147 1,809 87 78 48 86 0 0 0 266 4,130 3,600 2,031 $8,656 $7,802 $6,860 $5,054 $ 189 599 1,625 73 266 2,099 $4,851 $ 187 $ 193 568 400 1,380 1,001 74 39 266 266 1.865 1,601 $4,340 $3,500 $2,178 51,832 $1,202 2,327 2,027 1,972 1,575 1,575 1,575 394 394 394 2,182 1,974 1,717 $8,656 $7.802 $6,860 $1,000 916 1,400 350 1.388 $5,054 $ 868 936 1,400 350 1,297 $4,851 $ 820 $ 529 1,013 760 1,225 1, 225 306 306 976 680 $4,340 $3,500 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 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? (a Did Inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Comp is Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as the base year (Round your percentage answers to 1 decimal place) HAROUN COMPANY Income Statement Trends For Year Ended December 31, 2019--2013 2010 2018 2017 2016 2015 2014 2013 Snies 100.0 Cost of goods sold 100.0 Gross proft 100.0 Operating expenses 100.0 Net income % 100.0 26 % * 5 Required 1 Comp BS >