Sales Cost of goods sold Accounts receivable 2021 $ 482,105 238,631 23,382 2020 $ 313,055 154,997 18,345 2019 $ 253,486 127,658 17,364 2018 $ 178,511 89,470 10,479 2017 $ 130,300 63,847 8,886 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: Denominator: = Trend percent Numerator: Base year net sales 2021: 2020: 2019: % / % % = % 2018: % = % % 2017: Is the trend percent for Net Sales favorable or unfavorable? Numerator: Trend Percent for Cost of Goods Sold: Denominator: = Trend percent = % 2021: 2020: / = % 2019: 1 % 2018: = % % % 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Accounts Receivable: Denominator: Numerator: = Trend percent 2021: 1 % 2020: % 2019: / = % % 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? %