Perform a horizontal analysis for the entry "Gross Sales" shown on the income statement portion below. (Round to the nearest tenth) 2012 2011 Increase/Decrease Amount Percent Revenue Gross Sales $258,000 $193,500 Less: Sales Returns and Allowances 7,100 4,800 Net Sales 250,900 188,700 Operating Expenses Salaries and Benefits 84,600 106,600 Rent and Utilities 21,300 24,900 Advertising and Promotions 1,425 900 Insurance 2,250 1,900 Miscellaneous Expenses 17,000 15,300 Total Operating Expenses $126,575 $149,600 Group of answer choices 33.3% 10.5% 3.3% 23.9%