A company has net sales of $788,500 and cost of goods sold of $569.500 Its net income as $26,280. The company's gross margin and operating expenses, respectively, are Multiple Choice $761,750 and $192,720 $245,750 and 5543,220 $543,220 and $245,750 $219,000 and $245750 $219,000 and $192.720