Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales 2021 Cost of goods sold Gross profit $ 2,081 1,497 584 Operating expenses Net income 446 2020 $ 1,823 1,218 605 349 2019 2018 2017 2016 2015 $ 1,658 $ 1,520 $ 1,418 $ 1,319 $ 1,081 1,048 610 917 852 797 635 603 566 522 446 320 236 205 202 168 $ 138 $ 256 $ 290 $ 367 $ 361 $ 320 $ 278 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ thousands) Assets Cash 2021 2020 2019 2018 2017 2016 2015 $167 $ 221 $ 229 $ 234 Accounts receivable, net 1,200 1,260 1,140 Merchandise inventory Other current assets 4,340 3,160 2,761 875 2,326 $ 243 770 2,089 $ 240 $ 248 730 1,774 515 1,287 111 100 62 110 94 95 Total assets Long-term investments Plant assets, net Liabilities and Equity 0 0 0 342 5,311 5,290 4,628 2,611 342 2,699 342 2,399 $ 11,129 $ 10,031 $ 8,820 $ 6,498 $ 6,237 $ 5,580 50 342 2,058 $ 4,500 Current liabilities 2,800 Long-term liabilities 2,992 $ 2,355 2,606 $1,545 $ 1,285 2,535 1,177 $ 1,115 1,203 $ 1,055 $ 680 Common stock 2,025 2,025 2,025 1,800 1,800 Other paid-in capital 506 Retained earnings 2,806 506 2,539 506 2,209 450 1,786 450 1,669 1,302 1,575 394 1,254 977 1,575 394 874 Total liabilities and equity $ 11,129 $ 10,031 $ 8,820 $ 6,498 $ 6,237 $ 5,580 $ 4,500 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? 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 % % 00 % % % % 100.0 % < Required Comp S Required 1 Comp BS >