1 Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state w situation as revealed by the trend percents appears to be favourable or unfavourable. Sales 15 points Cost of goods sold Accounts receivable Skipped Point 2024: 2023: 2022: 2021: 2020: Numerator: 2024 $ 484,963 254,631 23,375 2023 $314,911 165,454 18,391 2022 $ 256,025 2021 2020 136,133 17,487 $174,167 92,217 10,154 $ 125,300 65,156 8,583 Trend Percent for Net Soles; Is the trend percent for Net Sales favourable or unfavourable? 2024: Denominator: Trend percent % Trend Percent for Cost of Goods Sold: Numerator Denominator: Trend percent %