Aasic 1 Normal TNo Spac. Heading 1 Heading 2 Heading? Heading 4 Headings Subtitle Subtle Paragraph The Scenario Styles Information from Halloran Company's Income Statement and Balance Sheets for the years 2013-2017 IS Dented HALLORAN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2013 is thousands) Sales Cost of soods sold Gross prost Operating expenses Net income 2017 2016 2015 2014 2013 5 1.271 S 1122 S 1,028 $9485 890 59355 774 S 672 S602 S564 S 336 s 3485 351 S 347 5 326 S 2485 192 S 176 S128 5110 s 89 S1565 176 $ 2195 216 HALLORAN COMPANY Comparative Balance Sheets December 31, 2017-2013 2017 is thousands) Assets 2016 2015 2014 2013 s 58 5 595 625 63 66 5 3685 386 S 350 $ 270 S 239 $ 1,379 S 1,0235 903 5 7745 702 $ 275 24 $ 115 26 S 21 $ S S s 1105 110 $ 1,515 $ 1.511 S 1,314 S 7085 734 5 3.346 5 3.002 2.639 S 1950 S 1.871 Accounts receivable net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term abilities Common stock Other paid in capital Retained earnings Total abilities and equity Questions 5 915 5 7825 5395 461 5410 S 971 S 855 $ 834 S 428 $ 435 5 250 5 7505 750 S 638 S $ 2025 1885 1885 1285 128 5 509 5 428 S 329 S 297 $261 $ 3,3465 3002 $ 2,639S 1950S 1.871 1. Use these statements to calculate trend percentages for all components of both statements using 2013 as the base year. 2. Prepare a memo to the CEO of Halloran company summarizing your findings about the financial health of the company, using your calculations from above as evidence to support your conclusions