kb. Managerial accounting Cost Volume Profit analysis The following items were taken from the financial statements of Kramer Manufacturing, Inc., over a three year period Item 2019 2018 2017 cooes) (000) 60001 Net Sales $226,000 5212,000 $200,000 Cost of Goods Sold 150.000 140.000 125.000 Gross Pront $76,000 $72,000 $75,000 Required (marks) Using horizontal analysis and 2017 as the base year, compute the trend percentages for net sales, cost of goods sold and gross profit. Explain whether the trends are favorable or unfavorable for each item Paragraph BIE 3 e