Exercise 17-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 467,617 231,532 22,773 2020 $ 307,643 152,445 17,997 2019 $ 249,104 125,061 17,064 2018 $181,828 90,196 10,619 2017 $ 138,800 68,012 9,522 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. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend percent % % % % % Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent % % 1 7 " % % %