Atlantis,Inc The Horizontal Analysis Shows That Cost of Goods Sold Has

Atlantis,Inc.reported the following data: $\begin{array}{|l|r|r|r|r|}\hline & 2017 & 2016 & \text { Amount } & \text { Percentage } \\\hline \text { Revenues } & \$ 6,390 & \$ 4,940 & \$ 1,450 & 29.35 \% \\\hline \text { Cost of goods sold } & 3,410 & 2,400 & 1,010 & 42.08 \% \\\hline \text { Gross profit } & 2,980 & 2,540 & 440 & 17.32 \% \\\hline \text { Operating expenses: } & & & & \\\hline \text { Sales and marketing expense } & 720 & 600 & 120 & 20 \% \\\hline \text { General and administrative } & 450 & 445 & 5 & 1.12 \% \\\text { Expenses } & & & & \\\hline\begin{array}{l} \text { Research and development } \\\text { expense }\end{array} & 480 & 470 & 10 & 2.13 \% \\\hline \text { Other expense } & 420 & 750 & (330) & (44.00) \% \\\hline \text { Total operating expenses } & 2,070 & 2,265 & (195) & (8.61) \% \\\hline \text { Income before income tax } & 910 & 275 & 635 & 230.91 \% \\\hline \text { Income tax expense } & 240 & 220 & \$ 20 & 9.09 \% \\\hline \text { Net income (loss) } & \$ 670 & \$ 55 & \$ 615 & 1,118.18 \% \\\hline\end{array}$ The horizontal analysis shows that cost of goods sold has ________.(Round your answer to two decimal places. )

A) increased by 29.35%
B) decreased by 29.35%
C) increased by 42.08%
D) decreased by 42.08%