A company has net sales of $870,000 and cost of goods sold of 5577.000. Its net income is $104,000. The company's gross margin and operating expenses, respectively, are: Multiple Choice $199,000 and $104,000 $293.000 and $104.000 $299,000 and $189,000 $293.000 and 5389,000 5681,000 and $189.000