Compute trend percents for the following items taken from the financial statements of Lopez Plumbing over a five-year period. Treat 2020 as the base year. State whether the trends are favorable or unfavorable. (Dollar amounts are stated in thousands.)

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Sales Cost of goods sold 2024 $81,400 58,500 2023 $74,000 48,000 2022 $61,500 40,500 2021 $59,000 37,000 2020 $50,000 30,000