SalesCost of goods soldAccounts receivable$2021$$ $686\mathrm{.}291338\mathrm{.}68333,1482020$$ $451\mathrm{.}507222,93826,4132019$$ $365,593182,14124,9332018$$ $257,460127\mathrm{.}90515,0872017$$ $183,90090\mathrm{.}11112,579$Compute trend percents for the above accounts, using $2017$ as the base year. For each of the three accounts, state whetherthe situation as revealed by the trend percents appears to be favorable or unfavorable.Trend Percent for Net Sales:Numerator:Denominator:Trend percent$2021$:$2020$:$2019$:$2018$:$\%2017$:$\%$Is the trend percent for Net Sales favorable or unfavorable?Trend Percent for Cost of Goods Sold:Numerator:Denominator:Trend percent$2021$:$\%2020$:$2019$:$2018$:$2017$:$\%$Is the trend percent for Cost of Goods Sold favorable or unfavorable?Check my work$24$pointseBookHintAskPrintReferences$2017$:Is the trend percent for Net Sales favorable or unfavorable?Trend Percent for Cost of Goods Sold:Numerator:Denominator:$\%$Trend percent$2021$:$2020$:$2019$:$2018$:$2017$:$\%\%\%$Is the trend percent for Cost of Goods Sold favorable or unfavorable?Trend Percent for Accounts Receivable:Numerator:Denominator:Trend percent$2021$:$2020$:$2019$:$2018$:$2017$Is the trend percent for Accounts Receivable favorable or unfavorable?