2021 2020 2019 2018 2017 Sales 5 618,038 $412,025 $ 328, 307 $ 224,100 $ 166,000 Cost of goods sold 311,469 207, 713 167,204 113,700 83,000 Accounts receivable 29,851 24,103 22,423 13,065 11,321 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Trend Percent for Net Sales: Denominator Numerator Trend percent % 96 2021: 2020 2019 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Denominator Numerator Trend porcent % 2021 2020 2019 2018 2017: Is the trend percent for Cost of Goods Sold favorable or unavorable? Trend Percent for Accounts Receivable Numerator: Denominator: Trend percent 2021: / % 11 % 2020: 2019: 2018: 2017: is the trend percent for Accounts Receivable favorable or unfavorable? % %