Use the following income statement to perform a vertical analysis and check it saling general and administrative (SGA) expenses are in tine with the industry antage of 36 prot. Click the icon to view the income statement) Incomo tamot Complio the vertical analyses below. (Round percentages to the nearest both percent XX%) Korey Corp. Income Statement adapted) For the Year Ended November 30, 2020 Amount Percent Notas $ 307,400 Cost of goods sold 140.550 Gross margin 157850 106,000 Singer and administrative expenses Income from operations 50.800 Korey Corp. Income Statement For the Your Ended Nov 30, 2020 Natalos 5337400 1490 Cost of goods sold Gross margin 15.00 Safira general and interes 106 OD Income from operations 500 Income Tax 20.030 S2000 Not income Enter any number in the edit fields and then continue to the next question Print Done O n Type here to search ASUS ZenBook D MA in bebe DIE 3 A 2 6 5 7 9 8 0 VA 5 4 2 3 2 N (Click the icon to view the income statement.) Gross margin Soling, general, and administrativo expenses Income from operations Income tax expense 157.850 106,900 50.800 20.930 29,930 Net incomo Are selling, general, and administrative expenses in line with the industry average of 36 percent? OA. The percentage of the company's net sales for selling, general, and administrative expenses is much lower than the industry average. OB. The percentage of the company's net sales for seling, general, and admininstrative expenses is exactly the same as the industry average. C. The percentage of the company's net sales for selling, general, and administrative expenses is much higher than the industry average, D. Selling, general, and administrative expenses is a similar percentage of the company's net sales as the industry average. to the next