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 $ 2,497 Cost of goods sold Gross profit Operating expenses Net income 1,794 703 534 $ 2,187 1,460 727 418 $ 1,990 $ 1,824 $ 1,702 $ 1,582 $ 1,297 1,256 734 383 1,099 725 1,021 681 955 761 627 536 283 245 242 201 $ 169 $ 309 $ 351 $ 442 $ 436 $ 385 $ 335 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ thousands) Assets 2021 2020 2019 2018 2017 2016 2015 Cash $ 122 Accounts receivable, net Merchandise Other current assets Long-term investments 880 inventory 3,183 $ 162 924 2,317 $ 168 836 2,024 $ 172 641 1,706 $ 178 565 1,532 $ 176 535 1,301 $ 182 378 944 82 74 45 81 69 70 36 0 0 0 Plant assets, net 3,894 3,879 3,395 251 1,914 251 1,979 251 1,759 251 1,509 Total assets Liabilities and Equity $ 8,161 $ 7,356 $ 6,468 $ 4,765 $ 4,574 $ 4,092 $ 3,300 Current liabilities Long-term liabilities 2,051 2,192 $ 1,725 1,910 $ 1,131 1,858 Common stock 1,485 Other paid-in capital Retained earnings 371 2,062 1,485 371 1,865 1,485 371 1,623 $ 941 863 1,320 $ 817 881 1,320 $ 772 954 1,155 $ 498 716 1,155 330 1,311 330 1,226 289 922 289 642 Total liabilities and equity $ 8,161 $ 7,356 $ 6,468 $ 4,765 $ 4,574 $ 4,092 $ 3,300 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. Note: Round your percentage answers to 1 decimal place. HAROUN COMPANY Sales Cost of goods sold Gross profit Operating expenses Net income 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 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 balance sheets using 2015 as the base year. Note: Round your percentage answers to 1 decimal place. Assets 2021 2020 HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2017 2016 2015 Cash Accounts receivable, net Merchandise inventory % % % % % % 100.0 % 100.0 100.0 100.0 Other current assets Long-term investments 100.0 100.0 Plant assets, net Total assets % % % % % % 100.0 % Liabilities and Equity Current liabilities % % % % do Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities & equity % % % % % % % 100.0 % 100.0 100.0 100.0 100.0 % 100.0 % < Required 1 Comp IS Required 2 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 >