Use the following information from Klaussen Manufacturing Company's (KMC) income statements to answer the question: Year 2 Year / Sales Cost of Goods Sold. Selling Expenses. Administrative Expenses, Interest Expense Total Expenses. Income before Taxes. Income Taxes Net Income *$121.000 75,000 12.000 12.000 3.000 102,000 19.000 3.800 S 15.200 $92,000 51,000 11.000 14.000 5,000 81.000 11,000 2,000 S 9.000 Horizontal analysis indicates that, from Year 1 to Year 2, KMC's sales grew by 23.97% (23.97)% 31.52% (31.52)%