The following is a summary of information presented on the financial statements of a company on December 31, 2019 Account 2019 2018 Net Sales Revenue $500,000 $505,000 Cost of Goods Sold 456,000 406,000 Gross Profit $144,000 $99.000 Selling Expenses 50,000 53,000 Net Income Before Income Tax Expense $94,000 $46,000 Income Tax Expense 36,000 25.000 Net Income $58,000 $21,000 With respect to net income, a horizontal analysis reveals - (Round your answer to two decimal places.) O A. that net income is 17.62% of net sales revenue 03. a 176. 19% increase in net income O c. a 176. 19% decrease in net income OD. a $21,000 increase in net income