Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales 5 583,822 5 383,567 5300,837 5 201,229 $ 151,300 Cost of goods sold 294,061 193,534 153,469 101,765 75,650 Accounts receivable 28,277 22,362 20,607 11,772 10,364 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: Numerator ces Trend percent 2021 2020: 2019: 2018: 2017: is the trend percent for Net Sales favorable or unfavorable? Trend Percent for Cost of Goods Sold: Plus