Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 684,365 344,633 33,123 2020 $444,393 223,947 25,997 2019 $ 345,831 175,966 23,689 2018 $ 234,462 118,431 13,739 2017 $ 169,900 84,950 11,587 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: 1 Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: Trend percent % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % %