requested the application of the percentage of sales method in formulating this income statement. Commission's website (wrw.sec.gov), you compile a detailed table showcasing the average expenses of these competitors as a percentage of their sales: - Sales: 100% - Cost of Goods Sold: 45% - Selling, General, and Administrative Expense (SG\&A): 20% - Other Operating Expenses: 3% - Depreciation Expense: 6% - Interest Expense: 8% Simultaneously, the Marketing Director at JumpStart Corporation provides you with the following sales forecast: - 2023: $180,000 - 2024: $240,000 - 2025 and Beyond: Expected to grow at the industry average growth rate of 7% financing the PP\&E expenditure by taking out a loan for $70,000 at 10% annual interest rate. year ending December 2024 . Based on the above data the SG\&A expense for 2024 is? $168,000$24,000$30,000$48,000