Problem 13-1A (Algo) Calculating and analyzing trend percents LO P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales Cost of goods sold Gross profit 2021 $ 1,756 2020 $ 1,538 2019 $ 1,399 2018 2017 2016 2015 $ 1,282 $ 1,197 $ 1,113 $ 9121 1,262 1,026 883 773 718 671 535 494 512 516 509 479 4421 377 Operating expenses 374 293 269 198 172 170 141 Net income $ 120 $ 219 $ 247 $ 311 $ 307 $ 272 $ 236 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 (5 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 $ 122 880 $ 162 924 $ 168 836 3,183 2,317 2,024 $172 641 1,706 $ 178 565 $ 176 $182 535 378 1,532 1,301 944 82 74 45 01 69 70 36 0 0 0 3,894 3,879 3,395 $ 8,161 $ 7,356 $ 6,468 251 1,914 $ 4,765 251 251 251 1,979 $4,574 1,759 $4,092 1,509 $3,300 Current liabilities Long-term liabilities 2,051 2,192 $ 1,725 $1,131 1,910 1,858 $941 863 $ 817 881 Common stock 1,485 1,485 Other paid-in capital Retained earnings 371 2,062 371 1,865 1,405 371 1,623 1,320 1,320 $ 772 954 1,155 $ 498 716 1,155 Total liabilities and equity $ 8,161 $ 7,356 $ 6,468 330 1,311 $ 4,765 1,226 $ 4,574 330 289 922 289 642 $4,092 $3,300