Selected comparative financial statements of Haroun Company follow. (s thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $2,245 $1,966 $1,789 $1,639 $1,530 $1,423 $1,166 1,613 1,312 1.129 988 918 858 684 632 654 660 651 612 565 482 481 376 345 254 221 218 181 $ 151 5 278 $ 3155 397 $ 391 $ 347 $ 381 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $ 141 $ 186 1,013 1,064 3,665 2,668 94 85 (s thousands) 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 and equity $194 $ 198 $ 20 $ 203 963 739 65e 616 2,331 1,964 1,764 1,498 52 93 79 89 289 289 289 3,988 2,284 2,280 2,826 $ 7,448 $5,487 $5,267 $4,712 $ 209 435 1,887 42 289 1,738 $3,888 4,484 4,467 $9,397 $8,470 $2,364 $1,988 $1,304 $1,085 2,526 2,280 2,141 994 1,71e 1,712 1,710 1,52e 428 428 428 388 2,369 2,144 1,865 1,508 $9,397 $8,47e $7,448 $5,487 $ 941 $ 890 $ 574 1,216 1,180 825 1,520 1,330 1,33e 380 333 333 1,410 1,959 738 $5,267 $4,712 $3,880 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 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? ( 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 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2019-2013 2018 2017 2016 2019 2015 2014 2013 96 %6 96 96 96 96 100.0 Sales Cost of goods sold Gross profit 100.0 100.0 Operating expenses 100.0 Net income 96 96 %6 % % 100.0 %