Selected comparative financial statements of Haroun Company follow. (5 thousands) Seles Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2013-2013 2019 2018 2017 2016 2015 2014 2013 $2,543 $2,227 $2,026 $1,857 $1,733 $1,612 $1,321 1,827 1,486 1,279 1,119 1,040 216 544 741 425 747 391 738 288 973 775 693 639 546 250 247 20 $ 172 $ 315 $ 356 $450 $ 443 $ 392 $ 341 (5 thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Required: HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $89 $118 $ 122 125 640 2,315 672 1,685 606 1,472 467 1,241 $ 130 $ 128 411 $132 309 275 1,114 946 686 59 P 54 33 B 59 50 51 26 182 182 182 182 $5,935 2,832 2,821 2,469 1,392 $5,350 $4,704 1,439 1,288 1,099 $3,466 $3,326 $2,976 $2,400 $1,491 $1,254 $ 822 1,595 1,390 584 594 3 581 362 1,352 628 641 694 521 1,800 1,000 1,000 908 360 548 840 270 278 270 248 240 218 210 1,459 1,356 1,160 954 091 571 467 $5,535 $5,350 $4,704 $5,400 $3,326 $2,978 $2,400 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp DS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as the base year. (Round your percentage answers to 1 decimal place.) 2019 Sales % Cost of goods sold 1,827.0 Gross profit Operating expenses Not income HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2019-2013 2018 2017 2016 2015 2014 2013 % 56 % % 100.0 % 100.0 100.0 100.0 100.0% Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. (Round your percentage answers to 1 decimal place.) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long term liabilities Common stock Other paid-in capital Retained earnings Total liabilities & equity HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 % 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % % % 100.0 % 100.0 100.0 100.0 100.0 100.0 % Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period? (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period