2019 $6,370 3.450 2,920 2018 $4,940 2.200 2,740 Amount $1,430 1.250 180 Percentage 28.95% 56.82% 6.57% 630 80 425 Revenues Cost of goods sold W Gross profit Operating expenses Sales and marketing expense General and administrative expenses Research and development expense Other expense Total operating expenses Income before income tax Income tax expense Net income (loss) 710 410 480 440 2040 880 260 $620 490 710 2.255 485 240 $245 12.7% (3.53%) (2.04%) (38.03)% (9.53)% 81.44% 8.33% 153.06% 395 $20 $375 1.250 180 56.82% 6.57% 480 Cost of goods sold 3.450 2200 Gross profit 2,920 2,740 Operating expenses Sales and marketing expense 710630 General and administrative expenses 410 425 Research and development expense Other expense 440 Total operating expenses 2.040 21 2.255 Income before income tax Income tax expense Net income (loss) $620 $245 The horizontal analysis shows that cost of goods sold has O A. increased by 28.95% O B. decreased by 56.82% O C. increased by 56.82% OD. decreased by 28.95% 12.7% (3.53%) (2.04%) (38.03)% (215) (9.53)% 81.44% $20 8.33% 153.06% (Round your answer to two decimal places.) 880 260 240