( ( Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2017 2016 2015 2014 2013 2012 2011 $2,187 $1,915 $1,743 $1,597 $1,490 $1,386 $1,136 667 469 176 1,5731,279 1,101 642 963 634 247 895 595 215 837 549 614 467 636 366 21219 $147$ 270 307 $ 387$ 380337$ 293 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets 2017 2016 2015 2014 2013 2012 2011 $152 201 209 213 222 219 226 469 3,9542,879 2,515 2,119 1,904 1,617 1,173 45 312 4,8394,8204,217 2,378 2,458 2,1851,875 $10,139 $9,139 $8,036 $5,920 $5,683 $5,084 $4,100 1,093 1,148 1,039 797 702 665 101 91 56 101 312 85 312 86 312 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings 890 2,549 $2,144 $1,406 $1,170 $1,015 960 619 1,845 1,845 1,845 1,640 1,640 1,435 1,435 359 797 $10,139 $9,139 $8,036 $5,920 $5,683 $5,084 $4,100 2,725 2,374 2,310 1,072 1,096 1,186 359 2,559 2,315 2,014 1,628 ,522 1,144 461 461 461 410 410 ,990 Total liabilities and equity Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative income stateme HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 2011 2017 2016 2015 2014 2013 2012 %) 100.01% 100.0 100.0 100.0 Sales Cost of goods sold Gross profit Operating expenses Net income %, 100.0 Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative balance sheets us HAROUN COMPANY Balance Sheet Trends December 31, 2017-2011 2011 2017 2016 2015 2014 2013 2012 Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets %, 100.01% 100.0 100.0 100.0 100.0 100.0 100.0% %, Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities & equity %, 100.01% 100.0 100.0 100.0 100.0 100.0 %