Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales Cost of goods sold Gross profit 2021 $ 2,015 1,450 565 2020 2019 2018 2017 2016 2015 Operating expenses 430 $ 1,765 1,180 585 337 $ 1,606 $ 1,472 $ 1,374 $ 1,277 $ 1,047 1,015 591 309 888 825 772 615 584 549 505 432 228 197 195 162 Net income $ 135 $ 248 $ 282 $ 356 $352 $ 310 $ 270 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 Total assets ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Liabilities and Equity 2021 2020 2019 2018 2017 2016 2015 $ 122 880 $ 162 $ 168 $ 172 $ 178 $ 176 $ 182 3,183 82 924 2,317 836 2,024 641 565 535 378 1,706 1,532 1,301 944 74 45 3,894 3,879 0 3,395 81 251 1,914 69 70 36 251 1,979 251 251 1,759 $ 8,161 $ 7,356 $ 6,468 $ 4,765 $ 4,574 $ 4,092 1,509 $ 3,300 Current liabilities 2,051 Long-term liabilities 2,192 Common stock 1,485 Other paid-in capital Retained earnings 371 2,062 $ 1,725 1,910 1,485 371 1,865 $ 1,131 1,858 $ 941 1,485 Total liabilities and equity $ 8,161 $ 7,356 1,623 $ 6,468 371 863 1,320 330 1,311 $ 817 881 1,320 $ 772 954 1,155 $ 498 716 1,155 330 1,226 289 922 289 642 $ 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 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 Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities & equity 2021 HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2018 2021 2020 HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2017 2016 2015 % 100.0 % 100.0 100.0 100.0 % 100.0 % 2018 2017 2016 2015 % % % % % 100.0 % 100.0 100.0 100.0 100.0 100.0 % 100.0 % % 100.0 % 100.0 100.0 100.0 100.0 100.0 %