Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) 2021 $ 2020 $ 2019 2018 2017 2016 2015 $ $ Sales $ $ $ 820 1,579 1,383 1,258 1,153 1,076 1,000 Cost of goods 1,134 923 794 695 646 604 481 sold Gross profit 445 460 464 458 430 396 339 Operating 337 264 242 179 155 153 127 expenses Net income $ 108 $ 196 $ 222 $ 279 $275 $ 243 $ 212 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 (S thousands) 2021 2020 2019 2018 2017 2016 2015 Assets Cash $ 130 $ 172 $ 178 $ 182 $ 189 $ 187 $ 193 Accounts receivable, net 933 980 887 680 599 568 400 Merchandise inventory Other current assets 3,376 2,458 2,147 1,809 1,625 1,380 1,001 87 78 48 86 73 74 39 Long-term investments 0 0 0 266 266 266 266 Plant assets, net 4,130 4,114 3,600 2,031 2,099 1,865 1,601 $ $ $ $ $ Total assets $ 8,656 7,802 6,860 5,054 4,851 4,340 3,500 Liabilities and Equity $ Current liabilities $ $ 2,178 1,832 $ 868 $ 820 $ 529 1,202 Long-term liabilities 2,327 2,027 1,972 1,000 916 936 1,013 760 Common stock 1,575 1,575 1,575 1,400 1,400 1,225 1,225 Other paid-in capital 394 394 Retained earnings 2,182 1,974 394 1,717 350 1,388 350 306 306 1,297 976 680 Total liabilities and equity $ $ 8,656 7,802 $ 6,860 $ $ $ 5,054 4,851 4,340 3,500 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. 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 Required Required 1 Comp 1 Comp 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.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2021 2020 2019 2018 2017 2016 2015 Sales % % % % % % 100.0 % Cost of goods sold Gross profit Operating expenses Net income % % % % % < Required 1 Comp IS 100.0 100.0 100.0 % 100.0 % Required 1 Comp BS > Show less 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 Required Required 1 Comp 1 Comp 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.) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2021 2020 2019 2018 2017 2016 2015 Assets Cash % % % % % % 100.0 % Accounts 100.0 receivable, net Merchandise 100.0 inventory Other current 100.0 assets Long-term 100.0 investments Plant assets, net 100.0 Total assets % % % % % % 100.0% Liabilities and Equity Current liabilities % % % % % % 100.0% Long-term 100.0 liabilities Common stock 100.0 Other paid-in 100.0 capital Retained earnings 100.0 Total liabilities & % % % % % % 100.0 % equity < Required 1 Comp IS Required 2 > 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 Required Required 1 Comp 1 Comp 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>