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 $ 1,704 $ 1,492 $ 1,358 $1,244 $ 1,161 $ 1,080 $ 885 Cost of goods sold 1,224 995 856 749 696 651 519 Gross profit 480 497 502 495 465 429 366 Operating expenses 364 285 261 193 167 165 137 Net income $ 116 $ 212 $ 241 $ 302 $ 298 $ 264 $ 229 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Liabilities and Equity Total assets Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Required: HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2021 2020 2019 2018 2017 2016 2015 $141 $ 186 1,013 1,064 3,665 2,668 $ 194 963 2,331 $ 198 739 $ 205 650 $ 203 616 1,964 1,764 1,498 $ 209 435 1,087 94 85 52 93 0 0 0 4,484 4,467 3,908 289 2,204 79 289 2,280 80 289 2,026 42 $ 9,397 $ 8,470 $ 7,448 $ 5,487 $ 5,267 $ 4,712 2,364 2,526 $ 1,988 $ 1,304 2,200 2,141 1,710 1,710 1,710 428 2,369 428 2,144 428 1,865 $ 1,085 994 1,520 380 1,508 $ 941 1,016 1,520 $ 890 1,100 1,330 289 1,738 $ 3,800 $ 574 825 1,330 380 1,410 .333 1,059 333 738 $ 9,397 $ 8,470 $ 7,448 $ 5,487 $ 5,267 $ 4,712 $ 3,800 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. 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 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. Note: Round your percentage answers to 1 decimal place. Assets Cash 2021 2020 HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2017 2016 2015 % % % % % % 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 100.0 Retained earnings 100.0 Total liabilities & equity % % % % % % 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 >