Che 1 Selected comparative financial statements of Haroun Company follow. 10 points HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 2020 2019 2018 $ 1,513 $ 1,325 $ 1,206 $ 1,105 1,087 884 761 666 426 441 445 439 324 254 233 172 $ 102 $ 187 $ 212 $ 267 ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income eBook 2017 $ 1,031 619 412 149 $ 263 2016 $ 959 579 380 147 $ 233 2015 $ 786 461 325 122 $ 203 References HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2021 2020 2019 2018 2017 2016 2015 ($ 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 paid-in capital Retained earnings Total liabilities and equity $ 126 906 3,279 84 0 4,013 $ 8, 408 $ 167 952 2,387 76 0 3,997 $ 7,579 $ 173 862 2,086 47 0 3,496 $ 6,664 $ 177 661 1,758 83 258 1,973 $ 4,910 $ 184 582 1,579 71 258 2,038 $ 4,712 $ 181 551 1,341 72 258 1,813 $ 4,216 $ 187 389 972 37 258 1,557 $ 3,400 2,113 2,260 1,530 383 2,122 $ 8,408 $ 1,777 1,968 1,530 383 1,921 $ 7,579 $ 1,166 1,915 1,530 383 1,670 $ 6,664 $ 970 889 1,360 340 1,351 $ 4,910 $ 841 908 1,360 340 1,263 $ 4,712 $ 796 984 1,190 298 948 $ 4,216 $ 513 738 1,190 298 661 $ 3,400 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? Mc Graw Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as th percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2018 % % % 2021 2017 2016 2015 Sales % % % 100.0 % 100.0 Cost of goods sold Gross profit Operating expenses Net income 100.0 100.0 100.0 % % % % % % % answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2021 2020 2017 2016 2015 % % % % % % 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 paid-in capital Retained earnings Total liabilities & equity 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % % % % % % % % % % % 100.0 % 100.0 100.0 100.0 100.0 % % % % % % 100.0 %