A company has net sales of $766,600 and cost of goods sold of $553,600. Its net income is $21,030. The company's gross margin and operating expenses, respectively, are: Multiple Choice $213,000 and $191,970 $213,000 and $234,500 $532,570 and $234,500 $234,500 and $532,570 $745,100 and $191,970