Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2019 2018 2017 2016 2015 2014 2013 $1,413 $1,238 $1,126 $1,032 $ 963 $ 895 $ 734 1,016 827 711 622 578 541 431 397 411 415 410 385 354 303 303 237 217 160 139 137 114 $ 94 $ 174 $ 198 $ 250 $ 246 $ 217 $ 189 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 2017 $9,150 $8,247 $7,252 $5,343 2019 2018 2016 2015 2014 2013 $ 137 $ 181 $ 189 $ 192 $200 $ 197 $ 204 986 3,569 92 1,036 2,598 938 2,270 82 0 0 4,366 4,350 51 0 3,804 719 1,913 91 281 2,147 633 1,718 600 1,459 423 1,058 77 281 78 41 281 281 2,219 $5,128 1,973 $4,588 $3,700 1,693 $2,302 $1,936 $1,270 $1,057 $ 917 $ 867 $ 559 Long-term liabilities 2,459 2,142 2,084 968 Common stock 1,665 1,665 1,665 Other paid-in capital 416 Retained earnings 2,308 Total liabilities and equity $9,150 416 416 2,088 1,817 $8,247 $7,252 1,480 370 1,468 $5,343 988 1,480 370 324 1,373 1,032 $5,128 $4,588 1,070 1,295 803 1,295 324 719 $3,700 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 2013 as the base year. (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, 2019-2013 2019 2018 2017 2016 2015 2014 2013 % % % % % % 100.0 % 100.0 100.0 100.0 % % % % % % 100.0 % Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. (Round your percentage answers to 1 decimal place.) 2019 2018 HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2017 2016 2015 2014 2013 Assets Cash Accounts receivable, net Merchandise inventory Other current assets % % % % % 100.0 % 100.0 100.0 100.0 Long-term investments 100.0 Plant assets, net 100.0 Total assets % % % % % 100.0 % Liabilities and Equity Current liabilities % Long-term liabilities 100.0 % 100.0 Common stock 100.0 Other paid-in capital 100.0 Retained earnings 100.0 Total liabilities & equity % % % % % % 100.0 % % % 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