Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whethe situation as revealed by the trend percents appears to be favourable or unfavourable. Sales Cost of goods sold Accounts receivable 2024 $ 694,702 356,698 33,554 2023 $ 457,041 234,691 26,645 2022 $ 365,633 189,673 25,082 2021 $ 257,488 133,219 15,012 2020 $ 193,600 98,736 13,262 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: 1 1 1 Is the trend percent for Net Sales favourable or unfavourable? Denominator: = Trend percent % = % % % = % Trend Percent for Cost of Goods Sold: Numerator: Denominator: = Trend percent 2024: % 2023: = % 2022: 1 % 2021: % 2020: = % Is the trend percent for Cost of Goods Sold favourable or unfavourable