The following is a summary of information presented on the financial statements of a company on December 31, 2015.

Account 2015 2014

Net Sales Revenue $605,000 $500,000

Cost of Goods Sold 450,000 400,000

Gross Profit $155,000 $100,000

Selling Expense 51,000 1,000

Net income before income tax expense $104,000 $49,000

Income tax expense 36,000 22,000

Net Income $68,000 $27,000

What would a horizontal analysis report show with respect to net income?

a. a $27,000 increase in net income

b. a 151.85% increase in net income

c. net income is 151.85% of net sales revenue

d. a 151.88% decrease in net income