Selected data from the financial statements of Crossette Garden Centre is provided below.

	2017	2016
Accounts receivable	$70 000	$46 000
Inventory	10 000	17 000
Total assets	470 000	360 000
Net sales	350 000	270 000
Cost of goods sold	170 000	220 000

Which of the following would result from a horizontal analysis of the company's statement of comprehensive income?

		Cost of goods sold is 44.75% of net sales for 2017
		Net Sales increased $80 000 or 29.63% during 2017
		Cost of goods sold increased $50 000 or 32.72% during 2017
		Gross profit is 57.90% of net sales for 2017