Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 2 Year 3 Year 1 Year 4 Year 5 $4,583,870 $4,804,930 $5,026,390 $5,401,650 $5,670,220 Sales 97,361 413,093 808,822 Cash $ 90,281 416,162 869,894 88,897 446,010 817,389 88,256 499,964 881,531 83,449 575,825 911,868 Accounts receivable, net Inventory $1,319,276 $1,376,337 $1,352,296 $1,469,751 $1,571,142 Total current assets $ 319,702 345,452 333,739 324,090 397,428 Current liabilities Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % Sales % % Current assets: % Cash % % Accounts receivable Inventory % Total current assets % % Current liabilities % 6 The financial statements for Castile Products, Inc., are given below: Castile Products, Inc Balance Sheet December 31 Assets Current assets: 19,000 250,000 350,000 9,000 628,000 900,000 Cash $ Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net $1,528,000 Total assets Liabilities and Stockholders Equity Liabilities: Current liabilities 230,000 310,000 540,000 Bonds payable, 10 Total liabilities Stockholders' equity Common stock, 10 per value Retained earnings Total stockholders equity Total liabilities and stockholders' equity $1,528,000 $ 140,000 848,000 988,000 Castile Products, Inc Income Statement For the Year Ended December 31 Sales $3,150,000 1,344,000 1,806,000 610,000 1,196,000 31,000 1,165,000 349,500 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) $ 815,500 Net income Account balances at the beginning of the year were: accounts receivable, $200,000; and inventory, $290,000. All sales were on account