2024 2023 2022 2021 2020 Sales Cost of goods sold $ 78,000 62,400 $ 70,000 60,900 $ 59,000 44,100 $ 58,000 35,100 $ 50,000 30,000 Required: Dollar amounts stated are in thousands. a. Compute trend percentages for the following items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2020 as the base year. b. State whether the trends are favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required A Required B State whether the trends are favorable or unfavorable. Trends Sales Cost of goods sold