2021 Sales Cost of goods sold Accounts receivable $ 531,528 262,849 25,673 2020 $ 345,148 170,773 20,226 2019 $ 269,647 135,377 18,471 2018 $ 196,107 97,292 11,472 2017 $ 149,700 73,353 10,269 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: Numerator: Trend Percent for Net Sales: Denominator: = Trend percent 1 = % % % % = % 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 1 Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Accounts Receivable: 1 = Trend percent = % = % = % % = % Denominator: = Trend percent = % % = % % = % Is the trend percent for Accounts Receivable favorable or unfavorable?