The following is summary of information presented on the financial statements of a company on December 31, 2017 Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income 2017 2016 $606,000 $501,000 454,000 404,000 $152,000 $97,000 51,000 55,000 $101,000 $42,000 35,000 18,000 $66,000 $24,000 With respect to net income, a horizontal analysis reveals (Round your answer to two decimal places.) 0 A, that net income is 175% of net sales revenue O B. a 175% increase in net income C. a 175% decrease in net income O D. a $24,000 increase in net income