Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales 2021 2020 2019 2018 2017 2016 2015 $ 1,480 $ 1,297 $ 1,180 $ 1,081 $ 1,009 $ 938 $ 769 Cost of goods sold 1,063 865 744 651 605 566 451 Gross profit 417 432 436 430 404 372 318 Operating expenses 316 247 227 167 145 143 119 Net income $ 101 $ 185 $ 209 $ 263 $ 259 $ 229 $ 199 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity 2021 2020 2019 2018 2017 2016 2015 $ 89 640 2,315 $ 118 672 1,685 $ 122 608 $ 125 1,472 467 1,241 $ 130 411 1,114 $ 128 $ 132 389 275 946 686 59 54 33 0 0 0 2,832 2,821 2,469 59 182 1,392 50 182 1,439 51 26 182 182 1,280 1,099 $ 5,935 $ 5,350 $ 4,704 $ 3,466 $ 3,326 $ 2,976 $ 2,400 Current liabilities 1,491 $ 1,254 $ 822 $ 684 $ 594 $ 561 $ 362 Long-term liabilities 1,595 1,390 1,352 628 641 694 521 Common stock 1,080 1,080 1,080 960 960 840 840 Other paid-in capital Retained earnings 270 1,499 270 1,356 270 1,180 240 240 210 210 954 891 671 467 Total liabilities and equity $ 5,935 $ 5,350 $ 4,704 $ 3,466 $ 3,326 $ 2,976 $ 2,400 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2015 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? Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Income Statement Trends For Years Ended December 31, 20212015 2021 2020 2019 2018 2017 2016 2015 % % % % % % 100.0 % 100.0 100.0 100.0 % % % % % % 100.0 % < Required 1 Comp IS Required 1 Comp BS > Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2015 as the base year. (Round your percentage answers to 1 decimal place.) 2021 2020 HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2017 2016 2015 Assets Cash Accounts receivable, net Merchandise inventory Other current assets % % % % % 100.0 % 100.0 100.0 100.0 Long-term investments 100.0 Plant assets, net 100.0 Total assets % % % % % % 100.0 % Liabilities and Equity Current liabilities % % % % % % 100.0 % Long-term liabilities 100.0 Common stock 100.0 Other paid-in capital 100.0 Retained earnings 100.0 Total liabilities & equity % % % % % % 100.0 % Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 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? (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? Required 1 Comp BS Required 2