2021 Sales Cost of goods sold Accounts receivable $ 422,677 222,292 20,415 2020 $ 278,077 146,400 16,240 2019 $ 230,769 123,250 15,854 2018 $ 155,925 82,781 9,106 2017 $ 115,500 60,060 7,923 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. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: 1 1 Denominator: = Trend percent = % % = % Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Cost of Goods Sold: 1 Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: = II Trend percent = % = % II = % Trend Percent for Accounts Receivable: Numerator: Denominator: = Trend percent = 1 Is the trend percent for Accounts Receivable favorable or unfavorable? % = % = % %