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 $ 602,434 303,617 29,278 2023 $ 388,667 196,034 22,776 2022 2021 156,824 21,108 $ 307,247 $ 224,268 113,434 13,097 Numerator: 2024: 2023: 2022: 2021: 2020: Trend Percent for Net Sales: 1 Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: 2020: 2020 $ 169,900 84,950 11,587 Denominator: = Trend percent = Trend Percent for Cost of Goods Sold: Numerator: Denominator: 1 Is the trend percent for Cost of Goods Sold favourable or unfavourable? 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Accounts Receivable: 1 1 Denominator: Is the trend percent for Accounts Receivable favourable or unfavourable? % = % = % % = Trend percent = % = % % = % = Trend percent % % = % = %