Sales Cost of goods sold Accounts receivable. 2021 $ 451,704 219,218 21,772 2020 $ 297,174 144,194 17,414 2019 $ 232,167 114,640 15,903 2018 $ 166,428 81,585 9,753 2017 $ 124,200 59,616 8,483 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. Trend Percent for Net Sales: Numerator: Analysis period net sales Denominator: Base year net sales 2021: $ 451,704/ $ 2020: $ 297,174/ $ 2019: $ 232,167/ $ 2018: $ 166,428 / $ 2017: S 124,200 $ Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend percent 124,200 = 364 % 124,200 = 239 % 124,200 = 187 % 124,200 = 134 % 124,200 100 % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent 1 1 0% 0% % 0% Is the trend percent for Cost of Goods Sold favorable or unfavorable? 0%