Gavette Company reported the following information for the current year and prior year:

Account	Current year	Percentage	Prior year
Net sales revenue	$367,200	100%	$300,000
COGS	$220,320	?	$240,000
Gross Profit	$146,880	40.00%	$60,000
Selling/General Exp.	$81,768	22.2722.27%	$12,000
Net income before tax	$65,112	?	$48,000
Income Tax	$7,344	2.00%	$3,000
Net Income	$57,768	?	$45,000

What would a vertical analysis report with respect to current year selling and general expenses?

A.

An increase of $69,768

B.

A decrease of 22.27%

C.

22.27% of net sales revenue

D.

17.73% of net sales revenue