HAROUN COMPANY Comparative Income Statements For Years Ended December 31 Sthousands 2021 2020 2019 2018 2017 2016 2015 Sales $1,694 $1,496 $1,370 $1,264 $1,186 $1,110 $928 Cost of goods sold. 1,246 1,032 902 802 752 710 586 Gross profit. 448 464 468 462 434 400 342 Operating expenses. 330 256 234 170 146 144 118 Net income.. $118 $208 $234 $292 $288 $ 256 $224 HAROUN COMPANY Comparative Year-End Belance Sheets At December 31, 5 thousands 2021 2020 2019 2018 page 632 2017 2016 2015 Assets Cash $ 58 578 582 584 588 $ 86 5 89 Accounts receivable, net 490 514 466 360 318 302 216 Merchandise inventory. 1,838 1.364 1.204 1,032 936 810 615 Other current assets.. 36 32 14 34 28 28 9 Long-term investments.. 0 146 146 146 146 Plant assets, net. 2020 2014 1,752 944 978 860 725 Total assets.. $4,442 $4.002 $3.518 $2,600 $2,494 $2.232 $1,800 Liabilities and Equity Current liabilities $1,220 $1,042 $ 718 $614 $ 546 $522 $282 Long-term labilities. 1,294 1,140 1,112 570 580 620 400 Common stock 1,000 1,000 1,000 850 850 650 650 Other paid-in capital. 250 250 250 170 170 150 150 Retained earnings. 678 570 438 396 348 290 318 Total abilities and equity.. $4,442 $4,002 $3.518 $2.600 $2,494 $2.232 $1,800 Required 1. Compute trend percents for all components of both statements using 2015 as the base year. Round percents to one decimal. Check (1) 2021, Total assets trend, 246.8% Analysis Component 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?