Use the Following Information for Questions Below -The Common-Size Percentage for Selling and Administration Costs in 2020

Multiple Choice

Use the following information for questions below.
Consider the following income statement data for Barolo Inc.:
$$\begin{array}{l}\begin{array} { l l r } &2020&2019\\\text {Sales revenue }&\$ 97,300&\$86,200\\\text {Less: Cost of goods sold }&45,600&53,400\\\text {Gross profit }&51,700&32,800\\\text {Less: Selling and administration costs }&22,500&18,300\\\text {Net Income }&\$29,200&\$14,500\\\end{array}\end{array}$$
-The common-size percentage for selling and administration costs in 2020 was

A) 21.2%.
B) 23.1%.
C) 43.5%.
D) 77.0%.