Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 620,481 $ 408, 211 $ 331,879 $ 225,768 $ 318,945 209,888 172,408 1 17,092 30,031 23,799 22,734 13,230 2015 163,600 83,436 11,190 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: | Choose Denominator: Choose Numerator: Trend percent 2019: 2018: 2017: 2016: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: 1 = Trend percent 2019: 2018: 2017: 2016: Trend Percent for Accounts Receivables: 1 Choose Denominator: Choose Numerator: = Trend percent 2019: 2018: 2017: 2016: Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Prior Year $ % - % $ 785,000 $ 680,000 565,400 286,600 219,600 393,400 128,000 228,800 $ 91,600 $ 164,600 Sales Cost of goods sold Gross profit Operating expenses Net income Income Statement Reason for Decline in Net Income > Income Statement Reason for Decline in Net Income Using the common-size percentages, which item is most responsible for the decline in net income?