Sales$ $120,000$$ $105,000$$ $95,000$$ $80,000$Cost of Goods Sold$ $71,000$$$62,500$$ $53,000$$ $45,000$Gross Profit$49\mathrm{.}000$$$42,500$$ $42,000$$ $35,000$Net Income$ $26,500$$$.24,000$$ $23,500$$ $22,500$Use the above information. Which of the following statements is not true?Select one:O a$.$ Net income as a percentage of sales had decreased since $2001$ b$.$ Gross profit $ have increased $40\%$ since $2001$ c$.$ Net income has increased $17\mathrm{.}78\%$ since $2001$O d$.$ Sales have increased $100\%$ since $2001$ e$.$ None of the above