The Bristol Corporation data for the current year and prior year is as follows: Account Current year $76,200 $59,400 $51,200 $82,500 $38,000 Prior year $60,000 $44,000 Cash A/R Mdse. Inventory Current liabilities Longminus-term liabilities Common stock (5,000 shares) Retained earnings Net sales revenue COGS Gross Profit Selling/General expenses Net income before taxes $40,000 $55,000 $30,000 $47,880 $18,420 $618,000 $478,140 $139,860 $51,860 $88,000 $22,000 $42,000 $17,000 $515,000 $385,000 $130,000 $50,000 $80,000 $20,000 $60,000 Income tax expense Net Income S66,000 With respect to net income before income tax expense and net income, what would a horizontal analysis repor A. Both net income before income tax expense and net income increased by S6.000. B.The current ratio is 27.76. C. There was an increase in both net income before income tax expense and net income of 10%. D. Both net income before tax expense and net income were 11% of net sales revenue