A company has net sales of $781,200 and cost of goods sold of $564,200. Its net income is $24,530. The company's gross margin and operating expenses, respectively, are:

• $539,670 and $242,000.

• $217,000 and $192,470.

• $217,000 and $242,000.

• $242,000 and $539,670.

• $756,200 and $192,470.