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 $600,000 456.000 144,000 51.000 93,000 39,000 $54,000 2024 $504,000 405,000 99,000 54.000 45,000 23.000 $22,000 With respect to gross profit, a horizontal analysis reveals (Round your answer to two decimal places.) O A. an increase of 45 45% OB. an increase of 19.64% OC. an increase of 24% O D. an increase of 31 25%