The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income 2025 $606,000 456,000 150,000 51,000 99,000 39,000 $60,000 2024 $510,000 405.000 105,000 54,000 51,000 23.000 $28,000 With respect to gross profit, a horizontal analysis reveals (Round your answer to two decimal places. A. an increase of 20.59% B. an increase of 24.75% c. an increase of 42.86% D. an increase of 30%