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 $2,637 $2,310 $2,102 $1,926 $1,797 $1,671 $1,370 804 566 212 S 178 327 $ 371 467 460 407 354 1,896 1,542 1,327 1,161 1,79 1,0e9 662 255 741 563 768 441 765 298 775 718 258 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 s thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets 2016 2015 2014 2013 2012 2011 $ 163 216 224 229 238 235 S 242 503 4,244 3,090 2,699 2,275 2,043 1,735 1, 258 1,173 1,2321,11.5 855 714 109 98 60 108 334 91 334 93 334 334 5,192 5,1724,526 2,553 2,639 2,3452,015 $10,881 $9,808 $8,624 $6,354 $6,898 S$5,456 $4,400 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $2,734 $2,299 $1,509 $1,255 $1,889 $1,030 664 955 1,980 1,980 1,980 1,760 1,760 1,540 1,540 385 856 $10,881 $9,808 $8,624 $6,354 $6,098 $5,456 $4,400 2,924 2,5472,478 1,151 1,176 1,273 495 495 385 2,748 2,487 2,162 1,748 1,633 1,228 495 440 440 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.)