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 $605,000 456.000 149,000 51.000 98,000 39.000 $59,000 2024 $500,000 405.000 95,000 54.000 41,000 23.000 $18,000 With respect to gross profit, a horizontal analysis reveals (Round your answer to two decimal places.) O A. an increase of 56.84% OB. an increase of 19% O c. an increase of 36.24% OD. an increase of 24.63%