Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable 2024: 2023: 2022: 2021: 2020:1 Numerator: 2024 $ 704,276 361,781 34,087 2023 $ 457,322 234,884 26,708 2022 $ 364,400 189,144 24,889 2021 $258,440 132,854 15,145 Trend Percent for Net Sales: Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: 2020: 2020 $ 184,600 94,146 12,645 Denominator: Trend percent % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Is the trend percent for Cost of Goods Sold favourable or unfavourable? = Trend percent % 2024: 2023: 2022: 2021: 2020: Numerator: Denominator: Trend Percent for Accounts Receivable: Is the trend percent for Accounts Receivable favourable or unfavourable? I Trend percent % % % % % ^