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, 20172011 ($ thousands) 2017 2016 2015 2014 2013 2012 2011 Sales $ 1,619 $ 1,418 $ 1,290 $ 1,182 $ 1,103 $ 1,026 $ 841 Cost of goods sold 1,165 947 815 713 663 620 494 Gross profit 454 471 475 469 440 406 347 Operating expenses 345 270 248 183 158 156 130 Net income $ 109 $ 201 $ 227 $ 286 $ 282 $ 250 $ 217 ________________________________________ HAROUN COMPANY Comparative Balance Sheets December 31, 20172011 ($ thousands) 2017 2016 2015 2014 2013 2012 2011 Assets Cash $ 141 $ 186 $ 194 $ 198 $ 205 $ 203 $ 209 Accounts receivable, net 1,013 1,064 963 739 650 616 435 Merchandise inventory 3,665 2,668 2,331 1,964 1,764 1,498 1,087 Other current assets 94 85 52 93 79 80 42 Long-term investments 0 0 0 289 289 289 289 Plant assets, net 4,484 4,467 3,908 2,204 2,280 2,026 1,738 Total assets $ 9,397 $ 8,470 $ 7,448 $ 5,487 $ 5,267 $ 4,712 $ 3,800 Liabilities and Equity Current liabilities $ 2,364 $ 1,988 $ 1,304 $ 1,085 $ 941 $ 890 $ 574 Long-term liabilities 2,526 2,200 2,141 994 1,016 1,100 825 Common stock 1,710 1,710 1,710 1,520 1,520 1,330 1,330 Other paid-in capital 428 428 428 380 380 333 333 Retained earnings 2,369 2,144 1,865 1,508 1,410 1,059 738 Total liabilities and equity $ 9,397 $ 8,470 $ 7,448 $ 5,487 $ 5,267 $ 4,712 $ 3,800 ________________________________________ Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base year. (Round your percentage answers to 1 decimal place.)