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, 2020-2014 2020 2019 2018 2017 2016 2015 2014 $1,723 $1,509 $1,373 $1,258 $1,174 $1,092 $ 895 1,238 1,007 866 758 705 659 525 485 502 507 500 469 433 370 289 265 195 169 167 139 $ 116 $ 213 S 242 $ 305 S 300 $ 266 $ 231 369 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2020-2014 2020 2019 2018 2017 2016 2015 2014 82 868 (5 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 Betained carnings Total liabilities and equity $ 587 2,122 54 0 2.596 $5,441 $ 108 $ 112 $ 114 $ 119 $ 117 5 121 616 558 428 377 357 252 1.545 1.350 1,237 1,021 629 49 30 54 46 46 24 0 0 167 167 167 167 2.586 2,262 1,277 1,319 1,173 1.007 $4,904 $4.312 $3,177 $3,049 $2,728 $2,200 $1,367 1,461 990 248 1,375 35,441 $1,150 1,272 990 248 1.244 $4.904 S 754 5 627 $ 544 515 1,238 575 587 636 990 880 880 770 246 220 220 193 2082 818 614 54.312 $3,177 $3,049 $2,228 $ 332 477 770 193 428 $2,200 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2014 as the base year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (6) Did net income as a percent of sales grow over the past four years? (c) Did Inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Comp 15 Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2014 as the b percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2020 2014 2020 2019 2018 2017 2016 2015 2014 % % 100.0 % 100.0 Sales Cost of goods sold Gross profit Operating expenses Net Income 100.0 100.0 100.0 % Required 1 Comp BS > HAROUN COMPANY Balance Sheet Tronds December 31, 2020-2014 2018 2017 2020 2019 2016 2015 2014 Assets Cash % % 100.0 % 100.0 100.0 Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net 100.0 100.0 100.0 Total assets % % 100,01% % % 100.0 % 100.0 Liabilities and Equity Current liabilities Long.form liabilities Common stock Other paid in capital Retained earnings Total liabilities & equity 100.0 100.0 100.0 % 100.0% Required 1 Comp IS Required 2 (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? Raamad Com BC