Compute the annual dollar changes are percent changes for each of the following accounts. Note: Decreases should be indicated with a minus sign. Round percent change to one decimal place. Short-term investments Accounts receivable Notes payable Percent Change[ Short term investments Accounts receivable Notes payable a $ Current Year $ 380,834 103,020 0 Prior Year $240,001 106,337 94,802 Horizontal Analysis-Calculation of Percent Chang Numerator Current Year 380,834 $ 103,020 0 Prior Year 240,001 106,337 94,802 Denominator: Dollar Change Percent Change % Sales Cost of goods sold i Accounts receivable Numerator: 2021: 2020: 2019: 2018 2021 $597,756 307,306 28,931 Numerator 2020 $388,153 199,558 22,668 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2019 $313,027 162,994 21,442 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: 2018 $ 230,167 Trend Percent for Cost of Goods Sold: Denominator: 118,835 13,442 2017 $ 175,700 89,607 12,053 # Trend percent Trend percent % % % *** % % aeaeaea % % % 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: Numerator: Trend Percent for Cost of Goods Sold: Denominator: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Numerator: 1 Trend Percent for Accounts Receivable: Denominator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 1111 11 Trend percent Trend percent % de do % de do % % 28 28 % % % K % % %