TIANOON COMPANT Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales 2021 $ 1,821 2020 $ 1,595 2019 $ 1,451 2018 $ 1,330 2017 2016 2015 $ 1,241 $ 1,154 $ 946 Cost of goods sold 1,309 Gross profit 512 1,064 531 916 801 745 697 555 535 529 496 457 391 Operating expenses 390 305 280 207 179 177 147 Net income $ 122 $ 226 $ 255 $ 322 $ 317 $ 280 $ 244 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity 2021 2020 2019 2018 2017 2016 2015 $ 100 720 2,604 $ 132 $ 138 756 1,896 684 1,656 $ 140 525 1,396 $ 146 $ 144 $ 149 462 438 309 1,254 1,065 772 67 60 37 66 56 57 30 0 0 0 205 205 205 205 3,186 3,174 2,777 1,567 1,619 1,439 1,235 $ 6,677 $ 6,018 $ 5,292 Current liabilities Long-term liabilities 1,680 1,794 $ 1,413 $ 927 Common stock 1,215 1,563 1,215 1,521 Other paid-in capital Retained earnings 304 1,684 304 1,523 1,215 304 1,325 $ 771 706 1,080 $ 3,742 $ 3,899 $ 3,348 $ 2,700 $ 669 721 1,080 $ 633 $ 408 781 586 945 945 270 1,072 270 1,002 236 236 753 525 Total liabilities and equity $ 6,677 $ 6,018 $ 5,292 $ 3,899 $ 3,742 $ 3,348 $ 2,700 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