A company has net sales of $825.000 and cost of goods sold of $596,000. Its net income is $35,030. The company's gross margin and operating expenses, respectively, are: Multiple Choice $229,000 and $193,970 $229,000 and $264,500 $560,970 and $264,500 $264,500 and $560,970 $789,500 and $193,970