The following is a summary of information presented on the income statement of HR Flowers for December 31, 2007.
Account 2007 2006
Net sales revenue $487,000 100.00% $500,000
Cost of goods sold 330,000 67.76% 395,000
Gross profit 157,000 32.24% 105,000
Selling and general expenses 70,000 14.37% 50,000
Net income before income tax expense 87,000 17.86% 55,000
Income tax expense 24,000 4.93% 16,500
Net income $ 63,000 12.94% $ 38,500
What would vertical analysis report with respect to 2007 selling and general expenses?