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. 2024 Sales Cost of goods sold Accounts receivable $ 415,492 206,091 20,151 2023 $ 273,350 135,692 15,991 2022 $ 213,555 108,092 14,564 2021 $ 157,605 78,976 2020 $ 118,500 9,173 58,065 8,105 2024: 2023: 2022: 2021: 2020: Numerator: Trend Percent for Net Sales: 1 Is the trend percent for Net Sales favourable or unfavourable? 2024: 2023: 2022: 2021: Denominator: Trend Percent for Cost of Goods Sold: Numerator: Denominator: I 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? Trend Percent for Accounts Receivable: 2024: 2023: 2022: 2021: 2020: Numerator: 1 1 I Denominator: Is the trend percent for Accounts Receivable favourable or unfavourable? Trend percent = % % = % = % % Trend percent = % = % = % = % % = Trend percent = % = % = % = % %