The following information is provided from EZ Electronics' annual report for the years ended December 31: Sales Cost of goods sold Gross profit Operating expenses Income before taxes Income tax expense Net income 2012 $120,000 40,000 80,000 48,000 32,000 9,600 $ 22,400 2011 $110,000 34.000 76,000 42.000 34,000 10,200 $ 23,800 2010 $100,000 30.000 70,000 40.000 30,000 9.000 $ 21,000 Refer to the EZ Electronics annual report above. Using horizontal analysis with 2010 as the base year, 2011 Sales would be represented as _ O A. 100% OB. 110% O C. 10% OD. 120%