Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales 2021 $ 2,614 Cost of goods sold 1,879 Gross profit 735 2020 $ 2,290 1,529 761 2019 $ 2,083 1,315 768 2018 $ 1,909 1,151 758 2017 $ 1,782 1,070 712 2016 $ 1,657 1,000 657 2015 $ 1,358 797 561 Operating expenses 558 436 400 295 256 253 210 Net income $ 177 $ 325 $ 368 $ 463 $ 456 $ 404 $ 351 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 $ 96 693 2,508 $ 127 728 1,825 $ 132 $ 135 $ 141 $ 139 $ 143 659 1,595 505 445 422 297 1,344 1,207 1,025 744 64 58 36 64 54 55 0 0 0 198 3,069 3,057 2,674 1,508 198 1,559 198 1,385 29 198 1,189 $ 6,430 $ 5,795 $ 5,096 $ 3,754 $ 3,604 $ 3,224 $ 2,600 Current liabilities 1,618 Long-term liabilities 1,727 Common stock 1,170 Other paid-in capital 293 Retained earnings 1,622 Total liabilities and equity $ 6,430 $ 1,361 1,504 1,170 293 1,467 $ 5,795 $ 893 1,464 $ 743 680 $ 645 694 $ 610 $ 393 752 564 1,170 1,040 1,040 910 910 293 1,276 $ 5,096 260 1,031 $ 3,754 260 228 228 965 724 505 $ 3,604 $ 3,224 $ 2,600 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? Complete this question by entering your answers in the tabs below. 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 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, 2021-2015 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 > Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2015 as the base year. (Round you answers to 1 decimal place.) Assets 2021 2020 HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2017 2016 2015 Cash % % % % % % 100.0 % Accounts receivable, net Merchandise inventory 100.0 100.0 Other current assets 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 Retained earnings Total liabilities & equity % % 100.0 100.0 % < Required 1 Comp IS % % Required 2 > % 100.0 % 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? 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 >