The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 2024 Net Sales Revenue $600,000 $501,000 Cost of Goods Sold 456,000 405,000 Gross Profit 144,000 96,000 Selling Expenses 51,000 54,000 Net Income Before Income Tax 93,000 42,000 Expense Income Tax Expense 39,000 23,000 Net Income $54,000 $19,000 With respect to gross profit, a horizontal analysis reveals answer to two decimal places.) (Round your