9 Selected comparative financial statements of Haroun Company follow. 2.24 points ($ 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 $1,469 $1,286 $1,170 $1,073 $1,001 $ 931 $ 763 1,056 859 739 647 601 562 448 413 427 431 426 400 369 315 313 245 225 166 144 142 118 $ 100 100 $ 182 $ 182 $ 206 $ 260 260 $ 256 $ 227 $ 197 eBook Print References HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2018 2017 2019 2016 2015 2014 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 Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 160 160 $ 211 $ 211 $ 219 $ 224 $ 232 $ 229 $ 237 1,146 1,204 1,090 836 736 697 492 4,147 3,019 2,638 2,223 1,997 1,696 1,230 106 96 59 106 89 91 47 @ 9 @ 327 327 327 327 5,075 5,055 4,422 2,493 2,579 2,292 1,967 $10,634 $9,585 $8,428 $6,209 $5,960 $5,332 $$4,300 $ 2,673 $2,247 $1,475 $1,227 $1,064 $1,007 $ 649 2,857 2,488 2,421 1,124 1,149 1,244 933 1,935 1,935 1,935 1,720 1,720 1,505 1,505 484 484 430 430 376 376 2,685 2,431 2,113 1,708 1,597 1,200 837 $10,634 $9,585 $8,428 $6,209 $5,960 $5,332 $4,300 484 9 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? 2.24 points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Comp IS Required 1 Comp BS Required 2 References Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as the base year. percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2019-2013 2018 2016 2015 % 2019 2017 2014 Sales % % % Cost of goods sold Gross profit Operating expenses Net income 2013 100.0 % 100.0 100.0 100.0 100.0 %