Account Current year Current assets $75,600 AIR $59,400 Mdse. Inventory $51,200 Current liabilities $72,500 Long-term liabilities $35,000 Common stock (5,000 shares) $47,460 Retained earnings $31,240 Net sales revenue $607,700 COGS $469,700 Gross Profit $ 138,000 Selling/General expenses $49,080 Net income before taxes $88,920 Income tax expense $20,520 Net Income $68,400 What would a horizontal analysis report with respect to long-term liabilities? Prior year $60,000 $44,000 $40,000 $56,000 $29,000 $42,000 $17,000 $515,000 $385,000 $130,000 $52,000 $78,000 $18,000 $60,000 A. Long-term liabilities increased by 17.14%. B. Long-term liabilities decreased by 29.46%. C. Long-term liabilities increased by $6,000. D. Long-term liabilities decreased by $16,500