A company has net sales of $777,600 and cost of goods sold of $561,600. Its net income is $23,660. The company's gross margin and operating expenses, respectively, are: Multiple Choice $216,000 and $192,340 $216,000 and $240,130 $537,940 and $240,130 $240130 and $537,940 $753,470 and $192,340