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Consider the following income statement data for Cullumber Inc.: 2024 2023 Sales revenue $99500 $87200 Less: Cost of goods sold 46700 56700 Gross profit 52800

Consider the following income statement data for Cullumber Inc.: 2024 2023 Sales revenue $99500 $87200 Less: Cost of goods sold 46700 56700 Gross profit 52800 30500 Less: Selling and administration costs 24875 18900 Net Income $27925 $11600 The common-size percentage for selling and administration costs in 2024 was

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