Required Information Use the following Information for the Quick Studies below. (Algo) ($ thousands) Net sales Cost of goods sold Current Year Prior Year $ 803, 470 $ 455, 895 394, 775 135,878 QS 17-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as th thousands of dollars.) QS 17-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Trend Percent for Net Sales: Denominator: Numerator: Trend Percent Current Year: Prior Year