The following items were taken from the financial statements of Stine, Inc., over a three-year period: Item 2013 2012 2011 Net Sales $226,000 $212,000 $200,000 Cost of Goods Sold 150.000 140.000 136.000 Gross Profit $ 76,000 S 72.000 $ 64,000 Instructions Using horizontal analysis and 2011 as the base year, compute the trend percentages for net sales, cost of goods sold, and gross profit. Explain whether the trends are favorable or unfavorable for each item. TTT Arial 3 (12pt) T.E.E. Qix Words:0 Path:p