The following is a summary of information presented on the financial statements of a company on December 31, 2019. Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income 2019 $601,000 453,000 $ 148,000 51,000 $97,000 35,000 $62,000 2018 $504,000 405,000 $99,000 51,000 $48,000 18,000 $30,000 - (Round your answer to two decimal places.) With respect to net income, a horizontal analysis reveals A. a $30,000 increase in net income B. that net income is 10.67% of net sales revenue C. a 106.67% increase in net income OD. a 106.67% decrease in net income