The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 2024 $508,000 Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income With respect to gross profit, a horizontal analysis reveals A. an increase of 20.28% B. an increase of 29.45% OC. an increase of 24.25% OD. an increase of 41.75% $602,000 456.000 146,000 405.000 11 51.000 95,000 39.000 $56,000 103.000 54.000 49,000 23.000 $26,000 (Round your answer to two decimal places.)