A company has net sales of $799,500 and cost of goods sold of $577,500. Its net income is $28,910. The company's gross margin and operating expenses, respectively, are:

Multiple Choice

$222,000 and $193,090

$222,000 and $251,380

$548,590 and $251,380

$251,380 and $548,590

$770,120 and $193,090