Question 14 [30 points] Barton Corporation's income statement and balance sheet are given below. a) Express this information as vertical trend percents. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Barton Corporation Income Statement Vertical Trend Percentages (%) 2016 2015 2014 2016 2015 2014 Sales $1,674,000 $1,529,000 $1,323,000 100 Cost of goods sold 1,309,000 1,201,000 1,046,000 78.19 Gross profit from sales 365,000 328,000 277,000 Operating expenses 341,000 281,000 235,000 Income before tax 24,000 47,000 42,000 Income taxes expense 7 000 14,000 12,000 Net income $17,000 $33,000 $30,000 Barton Corporation Balance Sheet Vertical Trend Percentages (%) 2016 2015 2014 2016 2015 2014 Cash 5393,000 $341,000 $276,000 Accounts receivable, net 133,000 123,000 115,000 Prepaid expenses 60,000 53,000 46,000 Merchandise inventory 472,000 386,000 314,000 Plant assets, net 418,000 347,000 290.000 Total assets $1,476,000 51,250,000 $1,041,000 Accounts payable $364,000 $315,000 $260,000 Long-term notes payable 313,000 297,000 260,000 Share capital (100,000 issued) 342,000 319,000 260,000 Retained earnings 457,000 319,000 261,000 Total liabilities and equity $1,476,000 $1,250,000 $1,041,000 b) Assuming all other things are constant, indicate whether the vertical trend between sales and accounts receivable is favourable or unfavourable. The vertical trend is