The following items were taken from the financial statements of St. Johns, Inc., over a four-year period: Item 2022 2021 2020 2019 Net Sales $655,000 640,000 $575,000 $500,000 Cost of Goods Sold 520,000 480,000 435,000 400,000 Gross Profit $135,000 $160,000 140,000 $100,000 Instructions Using horizontal analysis and 2019 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