Curve muNICIUN Stemm HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales 2021 $ 1,815 2020 $ 1,590 2019 2018 2017 2016 2015 $ 1,447 $ 1,326 $ 1,237 $ 1,150 $ 943 Cost of goods sold Gross profit 1,306 509 1,063 527 914 800 743 695 554 533 526 494 455 389 Operating expenses 388 303 278 205 178 176 146 Net income $ 121 $ 224 $ 255 $ 321 $ 316 $ 279 $ 243 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity 2021 2020 2019 2018 2017 2016 2015 $ 163 $ 216 $ 224 1,173 1,232 1,115 4,244 3,090 2,699 $ 229 855 2,275 $ 238 753 2,043 $ 235 714 1,735 $ 242 503 1,258 109 0 98 60 108 91 93 0 0 334 5,192 5,172 4,526 2,553 334 2,639 334 2,345 $ 10,881 $ 9,808 $ 8,624 $ 6,354 $ 6,098 $ 5,456 48 334 2,015 $ 4,400 Current liabilities 2,734 $ 2,299 $ 1,509 $ 1,255 $ 1,089 Long-term liabilities 2,924 2,547 Common stock 1,980 Other paid-in capital Retained earnings 495 2,748 1,980 495 2,487 2,478 1,980 495 2,162 1,151 1,760 440 1,748 1,176 1,760 440 1,633 $ 1,030 1,273 $ 664 955 1,540 385 1,228 1,540 385 856 Total liabilities and equity $ 10,881 $ 9,808 $ 8,624 $ 6,354 $ 6,098 $ 5,456 $ 4,400 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? Complete this question by entering your answers in the tabs below. 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? Complete this question by entering your answers in the tabs below. 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 the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 20212015 2021 2020 2019 2018 2017 2016 2015 Sales Cost of goods sold % % % % % % 100.0 % 100.0 Gross profit Operating expenses Net income % % % < Required 1 Comp IS 100.0 100.0 % % % 100.0 % Required 1 Comp BS >