Use the following information from Klaussen Manufacturing Company's (KMC) income statements to answer the question: Year 2 Year 2 Sales $121,000 $92,000 Cost of Goods Sold 75,000 51,000 Selling Expenses 12,000 11,000 Administrative Expenses 12,000 14.000 Interest Expense 3,000 5,000 Total Expenses 102,000 81,000 Income before Taxes, 19,000 11,000 Income Taxes.... 3.800 2,000 Net Income. $ 15,200 $9,000 Based on horizontal analysis, which of the following is true? Sales grew more rapidly than cost of goods sold. Cost of goods sold grew more rapidly than selling expenses. Administrative expenses declined by 16.7 percent. both b and care true