Use the following income statement to perform a vertical analysis and check itselling geral, and administrative (SGAA) expenses are in line with the industry average of 35 percent Click the icon to view the income statement Income Statement Complete the vertical analysis below. Round percentages to the nearest tenth percent. XX%) Knight Corp Income Statement adapted) For the Year Ended November 30, 2020 Arnout Percent Net als 3303065 10 000 Cost of goods sold Grossa 154,005 ling, and distrative 108.000 Income bom operation Income tax expone 24 270 5 24795 Noncom Knight Corp Incoment For the Year Ended November 30, 2020 S 1.000 Cout of good old Grossman 154,000 Seling, gera, and administrative expenses 10400 income from 40.005 Income tax expen 21270 $24.70 Print Doce Are selling general, and administrative expenses in line with the industry average of 5 percent? O A The percentage of the company's nesals for singine and draive experts much higher than endly av OB Solinggo, and administrative person is amperage of the company's nets as they are OC. The percentage of the company's sales for sing general, and administrative persondustry leap OD The percentage of the company's mates for siner and adminixes is much lower than the dry average