3 Based on this information: And given the following selected balance sheet information for the same company 20X1 20X2 Net Sales Revenues $200,000 $250,000 Less: Cost of Goods Sold $120,000 $135,000 Gross Margin $80,000 $115.000 Less: Operating Expenses $60,000 $70,000 Net Income $20,000 $35,000 And given the following selected balance sheet information in information for the same company: 12/31/X112/31/X2 Accounts Receivable $20,000 $30,000 Inventory $30,000 $50,000 Accounts Payable $15,000 $20,000 Calculate the percentage increase in Accounts Receivable from 12/31/X1 to 12/31/X2 33% 50% 150% None of the above