A company has net sales of $$919,000$ and cost of goods sold of $$609,500.$ Its net income is $$110,000.$ The company's gross margin and operating expenses, respectively, are:

Multiple Choice

$$309,500$ and $$199,500.$

$$309,500$ and $$412,200.$

$$719,500$ and $$199,500.$

$$309,500$ and $$110,000.$

$$199,500$ and $$110,000.$