Consider the following two years of ABC Inc.s income statement. Figure 1 Which statement is most true?

Group of answer choices

A. Net income increased at a much higher percentage than gross profit

B. Gross profit fell by a larger percentage than net sales

C. The largest concern is maintenance expense since it increased over 50%.

D. Taxes increased because cost of goods sold increased

Figure 1 ABC Inc. Income Statement For Year Ending: 20212022 \begin{tabular}{lrr} \hline Revenue & & \\ \hline Net Sales & 500,000 & 425,000 \\ Costs of Goods Sold & 175,500 & 169,500 \\ \cline { 2 - 3 } Gross Profit & 324,500 & 255,500 \\ \hline \hline \end{tabular} Sales and Administrative Expenses \begin{tabular}{lrr} Wages & 163,000 & 152,000 \\ Maintenance & 3,600 & 5,900 \\ Rent on Office & 15,000 & 12,500 \\ Office Supplies & 2,600 & 1,500 \\ Earnings before Taxes & 140,300 & 83,600 \\ \hline Taxes & 28,000 & 16,600 \\ \hline Net Income & 112,300 & 67,000 \\ \hline \hline \end{tabular}