Net sales Cost of goods sold Other expenses Net income 500,000 250,000 100,000 150,000 Inventory Other current assets Long-term assets Current liabilities Long-term liabilities Common stock Retained earnings 80,000 20,000 50,000 50,000 25,000 Number of common stock shares issued & outstanding Market price per share 50,000 6 50,000 25,000 If the prior year's net income was $140.000, what is the percentage change in net income for the current year? 15.75% 7.14% 6.67% 10.00%