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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

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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 $605,000 $501,000 Cost of Goods Sold 455,000 404,000 Gross Profit 150,000 97.000 Selling Expenses 50,000 52.000 Net Income Before Income Tax Expense 100.000 45,000 Income Tax Expense 38,000 18,000 Net Income $62,000 $27.000 With respect to net sales revenue, a horizontal analysis reveals O A. a decrease of $51,000 in net sales revenue OB. a $51,000 increase in net sales revenue OC. a 20.76% increase in net sales revenue OD. a 240 31% decrease in net sales revenue

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