Selected comparative financial statements of Haroun Company follow. ($ 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 $2,189 $1,917 $1,744 $1,599 $1,492 $1,387 $1,137 1,573 1,279 1,101 963 895 837 667 616 638 643 636 597 550 470 467 366 335 247 215 212 176 $ 149 $ 272 $ 308 $ 389 $ 382 $ 338 $ 294 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 ($ thousands) Assets Cash 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 $ 130 933 3,376 87 0 4,130 $8,656 $ 172 980 2,458 78 0 4,114 $7,802 $ 178 887 2,147 48 0 3,600 $6,860 $ 182 680 1,809 86 266 2,031 $5,054 $ 189 599 1,625 73 266 2,099 $4,851 $ 187 568 1,380 74 266 1,865 $4,340 $ 193 400 1,001 39 266 1,601 $3,500 $2,178 2,327 1,575 394 2,182 $8,656 $1,832 2,027 1,575 394 1,974 $7,802 $1,202 1,972 1,575 394 1,717 $6,860 $1,000 916 1,400 350 1,388 $5,054 $ 868 936 1,400 350 1,297 $4,851 $ 820 1,013 1, 225 306 976 $4,340 $ 529 760 1, 225 306 680 $3,500 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? (c) Did inventory increase over this period? 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 2019 2018 2017 2016 2015 2014 2013 Sales % % % % % % 100.0 % Cost of goods sold 100.0 Gross profit 100.0 Operating expenses 100.0 Net income % % % % % % 100.0 % 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 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 Assets Cash % % % % % % 100.0 % Accounts receivable, net 100.0 Merchandise inventory 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 100.0 100.0 Other paid-in capital Retained earnings 100.0 Total liabilities & equity % % % % % 100.0 %